$2.08 Million Sell-off in an Altcoin: Wintermute Sells 466K Tokens

Wintermute sold 466,255 LAPTOP for a total of $2.08 million.

On-chain data platform Lookonchain reported that the Laptop Token team sent 2.5 million LAPTOP to Wintermute and the company has begun selling LAPTOP on-chain. The sell-off flow indicates that a portion of the LAPTOP supply has entered the market.

Lookonchain reported the average selling price as $4.47.

Wintermute’s LAPTOP sales monitored on-chain

Arkham records show repeated LAPTOP and USDC transfers between Wintermute and Kyber Network. These movements reveal that the sales did not consist of a single transaction and took place via multiple on-chain transactions.