Centralized exchanges are taking drastically different approaches as a major liquidity clash unfolds around $USELESS
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While KuCoin is shrinking the circulating supply by pulling 500,000 $USELESS ($173K) into cold storage, Gate and Bitvavo are doing the opposite—stuffing their hot wallets with a combined 730,000+ tokens to handle expected trading volume. Meanwhile, market maker Wintermute is actively capitalizing on the swings, routing hundreds of thousands of tokens through automated contracts to trade the volatility.
As one exchange pulls supply off the market, others are gearing up for high trading activity.
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While KuCoin is shrinking the circulating supply by pulling 500,000 $USELESS ($173K) into cold storage, Gate and Bitvavo are doing the opposite—stuffing their hot wallets with a combined 730,000+ tokens to handle expected trading volume. Meanwhile, market maker Wintermute is actively capitalizing on the swings, routing hundreds of thousands of tokens through automated contracts to trade the volatility.
As one exchange pulls supply off the market, others are gearing up for high trading activity.
