{"id":135786,"date":"2024-08-19T10:30:30","date_gmt":"2024-08-19T07:30:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135786"},"modified":"2024-08-19T00:08:49","modified_gmt":"2024-08-18T21:08:49","slug":"wintermute-sells-huge-wbtc-stash-whale-takes-advantage","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/wintermute-sells-huge-wbtc-stash-whale-takes-advantage\/","title":{"rendered":"Wintermute Sells Huge WBTC Stash, Whale Takes Advantage"},"content":{"rendered":"<p>The data shows Wintermute transferred 2,617 WBTC tokens to Binance, amounting to a market value of approximately $155.27 million.<\/p>\n<p>Although WBTC is technically classified as an altcoin, it represents Bitcoin locked in a smart contract and used within DeFi platforms, which some Bitcoin purists dismiss as less valuable.<\/p>\n<p>Recently, there were rumors that Justin Sun, the founder of Tron, had taken over the management of WBTC. However, BitGo, the custodian of WBTC, has refuted these claims.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135766\" href=\"https:\/\/cryptodnes.bg\/en\/we-still-havent-experienced-the-real-bitcoin-bull-run-according-to-blockstream-ceo\/\" title=\"We Still Haven&#8217;t Experienced the Real Bitcoin Bull Run, According to Blockstream CEO\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bull-Run-Bitcoin-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">We Still Haven&#8217;t Experienced the Real Bitcoin Bull Run, According to Blockstream CEO<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Additionally, on-chain data indicates that a significant crypto whale, identified by the address 0x692, has recently increased its WBTC holdings.<\/p>\n<p>The whale added 124 WBTC tokens to its collection hours ago, accumulating a total of $53.75 million in WBTC over the past two months at an average price of $63,513. Given that WBTC\u2019s value is linked to Bitcoin, this whale is currently facing a loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a notable development, Wintermute, a major player in the crypto market, has sold off nearly its entire stash of Wrapped Bitcoin (WBTC) on Binance, as revealed by on-chain data.<\/p>\n","protected":false},"author":3,"featured_media":114913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[426,72,424,108],"coin_category":[],"class_list":["post-135786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-binance","tag-bitcoin","tag-crypto","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wintermute Sells Huge WBTC Stash, Whale 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