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Wintermute Withdraws $4.1 Million in AAVE from Kraken

Recent data shows Wintermute and another large investor transferred over $7.5 million in AAVE and ASTER tokens from major exchanges within days.

AAVE

Summary

Wintermute, a prominent crypto market maker, withdrew 24,124 AAVE tokens valued at approximately $4.1 million from Kraken 10 hours ago, according to The Data Nerd. In a related movement, another whale extracted 840,000 ASTER tokens worth $3.44 million from Binance across the past five days.

Terms & Concepts
  • AAVE: A decentralized finance protocol that lets users lend and borrow cryptocurrencies without intermediaries.
  • Kraken: A major cryptocurrency exchange offering spot, futures, and margin trading services.
  • Market Maker: An entity that provides liquidity to markets by continuously quoting buy and sell prices of an asset.