ORCA deployed a transaction to transfer $9.62M worth of tokens to Wintermute 1 hour ago, potentially for liquidity provision/arbitrage.

BlockBeats News, March 21, according to @ai_9684xtpa's monitoring, the ORCA deployment address transferred $9.62 million worth of tokens to Wintermute 1 hour ago, potentially for liquidity provision/selling.

As of now, Wintermute has deposited some ORCA into Coinbase / Binance / Kucoin / Kraken and other exchanges, still holding 2.2 million tokens on-chain, worth $7.5 million.

Since the initial token deposit to exchanges at 22:18, the price has dropped by 7% ($3.642 to $3.39); Wintermute had interacted with ORCA as early as December 2024, indicating this may not be their first liquidity provision.