Tracking the Wintermute wallet
It was said to track the whereabouts of the Wintermute wallet.
Currently, it is reported that they are purchasing Solana meme coins.
Surge in Solana meme coin positions
Unique pattern: Over the past two weeks, positions in Solana meme coins (POPCAT, WEN, PONKE, MEW, etc.) have doubled, totaling around 3-4 million dollars.
Risk factors: The rapid increase in positions raises the possibility of a dumping episode.
What to be cautious about is that Wintermute never engages in one-sided trading, so the fact that they have made many purchases also implies that they have taken many short positions.
Such entities usually end up Bleeding and continuously declining.
If you're curious, refer to the ai16z and pippin charts from earlier this year...
@Surf_Copilot If there's something you wish for regarding the wallet tracking feature, I would like to see an analysis of the wallet's characteristics and overall behavior patterns as well.
It would be great if it included basic classifications such as whether the wallet engages in high-frequency trading, arbitrage, or meme coins, allowing for a more multidimensional analysis.
I hope it evolves into an analytical tool rather than just simple research.
Show original
3.12K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.