Wintermute has continued to transfer more $BLUR to the exchange. They withdrew 1,928,112 $BLUR, equivalent to $415,265, from CoinbasePrime (MM's storage).
Following that, Wintermute moved 3,500,000 $BLUR, valued at $753,809, to the Binance exchange.
I believe there are two potential scenarios that could unfold at present:
- Scenario 1: Wintermute might push the price before offloading their holdings to maximize profits.
- Scenario 2: Given the substantial volume, the liquidity is sufficient for Wintermute to immediately sell, causing a sharp price decline, similar to what they executed on July 19th.
Which scenario do you think will take place?
Wallet: https://etherscan.io/token/0x5283d291dbcf85356a21ba090e6db59121208b44?a=0xdbf5e9c5206d0db70a90108bf936da60221dc080 Show Less
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