$VRTX - The next project to be pushed by Wintermute after Arbitrum?
$VRTX is a perp-dex on the Arbitrum and Ethereum ecosystems. This project was previously invested in by Alameda Research, 3AC, and GSR. However, Vertex Protocol only launched its token in November 2023. The price of $VRTX has continuously declined since its listing on the exchange, a familiar price manipulation strategy associated with Wintermute for new projects.
$VRTX currently has a Total Value Locked (TVL) of 50 million on the platform, and its market cap is around 50 million as well. Vertex is also a coin that Wintermute holds a significant amount of in their portfolio, ranking second only to Arbitrum in terms of total assets held by Wintermute.
From a technical analysis perspective, the VRTX chart shows signs of a halt in the downtrend after being pushed down. If individuals buy and hold the spot, it seems closer to the bottom than the top at this point. Show Less
