Yesterday, I said the “Cumberland DRW?” $BTW trade looked nearly finished. Today, BTW is down around 28%, falling from a peak near $2.75 to roughly $1.87.
The wallet had already sent most of its BTW to Gate.io at prices between $1.75 and $2.54, ahead of today’s drop.
Now the bigger development: the wallet reportedly holds around $60M in USDT, up from roughly $1M yesterday. That’s a massive change, although the balance shift alone doesn’t prove where the funds came from.
Meanwhile, it’s still holding 33M $Q and added 1M $PONS today.
The BTW trade may be over, but this wallet is still active. Where is that $60M going next?
#pons #QUSDT
The wallet had already sent most of its BTW to Gate.io at prices between $1.75 and $2.54, ahead of today’s drop.
Now the bigger development: the wallet reportedly holds around $60M in USDT, up from roughly $1M yesterday. That’s a massive change, although the balance shift alone doesn’t prove where the funds came from.
Meanwhile, it’s still holding 33M $Q and added 1M $PONS today.
The BTW trade may be over, but this wallet is still active. Where is that $60M going next?
#pons #QUSDT