Arkham Ecosystem Fund Wallet Transfers $9.86M To A New Address

Key Points:

• Arkham Ecosystem Fund wallet transferred 25.73M $ARKM.
• A test transaction of 20 $ARKM went to a suspected Wintermute address.
• Wintermute deposited 6.65M $ARKM into Binance in 2 days.

Arkham Ecosystem Fund wallet moved 25.73M $ARKM ($9.86M) to a new wallet, followed by 20 $ARKM to ‘0xC9’ suspected as Wintermute’s Binance deposit. Wintermute deposited 6.65M $ARKM ($2.54M) in 2 days.

Arkham Ecosystem Fund Wallet’s Moves

A recent report by Lookonchain revealed that the Arkham Ecosystem Fund wallet underwent significant transactions. The wallet transferred a whopping 25.73 million $ARKM, equivalent to $9.86 million, to a new wallet.

However, the intrigue deepened as a subsequent transfer of just 20 $ARKM took place, potentially a test transaction, to a suspected Wintermute deposit address “0xC9,” all within a mere 7-hour timeframe.

The transfers raised questions, especially concerning the involvement of Wintermute. It appears that Wintermute has been actively using the Binance deposit address “0xC9” lately. Over the past two days, Wintermute has deposited a total of 6.65 million $ARKM tokens, amounting to $2.54 million, into Binance.

Arkham has recently announced its support for the Flare network, granting users the ability to access comprehensive data on their transactions, token portfolios, and on-chain activities directly through Arkham Intelligence Platform.

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