👀 Watchlist Winners: Copy Legendary Investors' Portfolios in One ClickSee Undervalued Stocks

Starknet Token Activity Dives as 3AC Liquidator Makes Major Binance Transfer

Published 05/25/2024, 06:00 PM
Updated 05/25/2024, 06:45 PM
© Reuters.  Starknet Token Activity Dives as 3AC Liquidator Makes Major Binance Transfer
RSR/USD
-

  • Three Arrows Capital liquidator Teneo transfers $2.63 million in STRK to Binance, retaining a significant $157 million worth.
  • Teneo emerges as a major player in the Starknet (STRK) token ecosystem, holding the second-largest non-team/CEX wallet.
  • STRK Price Up, Trading Volume Down: What’s Next for Starknet?

Hedge Fund Three Arrows Capital’s liquidator, Teneo, has reportedly transferred 2.18 million STRK tokens, valued at approximately $2.63 million, to Binance over the past three days. According to an X post by the blockchain analytics platform Spot On Chain, Teneo currently retains 130 million STRK, estimated to be worth $157 million.

Chinese crypto reporter Colin Wu offered further insights into Teneo’s strategic maneuver with STRK tokens. Notably, Teneo, holding a substantial portion of 3AC’s STRK tokens, h…

The post Starknet Token Activity Dives as 3AC Liquidator Makes Major Binance Transfer appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.