FTX and Alameda Move $8.17 Million in ZRO to Wintermute

An FTX/Alameda-linked wallet sent 4.126 million ZRO to Wintermute, while the token dropped 6% and the address retained 30.75 million ZRO, roughly 10% of circulating supply.

Summary

An FTX/Alameda wallet transferred 4.126 million ZRO worth $8.17 million to Wintermute. Within hours of the transfer, ZRO fell 6% from $1.98 to $1.85. The wallet still held 30.75 million ZRO valued at $58.12 million after the transaction, representing about 10% of the token’s current circulating supply.

Terms & Concepts
  • Wintermute: A crypto market maker that provides trading liquidity across digital asset markets.
  • ZRO: The token referenced in the reported transfer and price move.
  • Circulating supply: The amount of a cryptocurrency currently available in the market and tradable by the public.