How funds and market makers profited from the market downturn

How major players act during market downturns

Market makers and funds have access to insider information and immense resources, making them key players in market management. Beyond news, market dumps can be directly linked to these large transfers. The biggest players moved significant amounts of ETH to exchanges, creating selling pressure and potentially driving prices down.

Since August 3, five leading market makers have transferred over 130,000 ETH to centralized exchanges (CEX), amounting to approximately $300 million. Wintermute alone transferred 2,691 ETH to CEX, equivalent to $6.1 million. This transfer included sending ETH to block builders, Robinhood, and Cumberland DRW, as well as wrapping some of the assets into wETH, demonstrating the diverse strategies the company employs to manage its assets

Wintermute transferred 2,691 ETH, equivalent to $6.1 million, to centralized exchanges (CEX). This transfer included sending ETH to blockchain builders, Robinhood and Cumberland DRW, as well as wrapping a portion of the funds in wETH, which demonstrates the variety of strategies the company employs to manage its assets.

Wallet: https://wallet.arbitragescanner.io/0x51C72848c68a965f66FA7a88855F9f7784502a7F