According to ChainCatcher, on-chain analyst @ai_9684xtpa detected that the ORCA deployment address transferred tokens worth $9.62 million to market maker Wintermute 1 hour ago, possibly for market making or selling.
So far, Wintermute has deposited part of the ORCA tokens into exchanges such as Coinbase, Binance, Kucoin, and Kraken, with its on-chain address still holding 2.2 million ORCA tokens, valued at approximately $7.5 million.
Since Wintermute first deposited tokens to exchanges at 22:18, the ORCA price has dropped by about 7%, falling from $3.642 to $3.39. Wintermute had previously interacted with ORCA in December 2024, and this seems not to be its first time providing market-making services for the project.
