Wintermute Loads Up on $36M in ARB Before Major Token Unlock

• Wintermute amassed $36.3 million in ARB tokens in eight hours.
• This coincides with a $2.23 billion ARB token unlock on March 16.
• Ethereum’s Dencun upgrade led to decreased fees on Arbitrum’s chain.

In the past eight hours, cryptocurrency trading firm Wintermute Trading has accumulated a net amount of 17.08 million Arbitrum (ARB) tokens, according to data from blockchain analysis firm Spot On Chain. This represents a total value of $36.3 million.

The increase in Wintermute’s ARB holdings comes just two days before a scheduled unlock of 1.11 billion ARB tokens, worth approximately $2.23 billion, on March 16, 2024.

Over the past eight hours, according to Spot On Chain, Wintermute Trading withdrew 19.19 million ARB tokens from cryptocurrency exchanges Bi…

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