Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Rumors Suggest Wintermute Could Become Market Maker For ACT Meme Coin

Rumors Suggest Wintermute Could Become Market Maker For ACT Meme Coin

BeInCryptoBeInCrypto2024/11/13 01:05
By:Lockridge Okoth

Wintermute's entry into meme coin liquidity for ACT on Binance represents a transformative moment for the niche, signaling potential stability and growth in a volatile space.

Speculation is growing that Wintermute, a leading global algorithmic trading firm in digital assets, has become the first to provide liquidity for a new meme coin, the AI Prophecy (ACT).

ACT meme coin remains in the headlines following the controversial Binance listing on Monday.

ACT Ascends Wintermute’s Top 12 Holdings

The ACT community transferred 9.48 million ACT tokens (worth approximately $5.93 million) to Wintermute on Tuesday. The move marks the first instance of a top-tier market-maker engaging in the meme coin segment adopting ACT. The move also signals the potential for a boost in trading volume and liquidity for this new meme coin.

“It seems that Wintermute has become market maker for ACT,” Lookonchain said.

Rumors Suggest Wintermute Could Become Market Maker For ACT Meme Coin image 0Wintermute Holding $5.93 Million Worth ACT. Source: Arkham

Market makers play a crucial role in cryptocurrency markets. They facilitate liquidity, ensuring that buyers and sellers can transact smoothly and reducing price volatility.

This role is especially critical in the often volatile meme coin space, where trading volumes and market sentiment can fluctuate significantly. Other renowned market makers include Jump Trading, Amber Group, DWF Labs, B2C2, GSR Markets, and Flow Traders.

By bringing The AI Prophecy on Wintermute, ACT gains a strategic advantage. It benefits from the deep liquidity and market stability that a professional market maker can provide. This move marks a significant shift, as meme coins historically relied on community-driven or informal trading arrangements rather than professionalized market-making.

In addition to ACT, Wintermute recently increased its meme coin holdings, including assets like GOAT and MANEKI. As it stands, it is the third-largest holder of GOAT tokens, with data on Arkham showing 47.468 million GOAT holdings worth $39.57 million. It also holds Moo Deng (MOODENG).

Beyond Wintermute’s expansion into meme coins, the global algorithmic trading firm recently added metrics like Issuance Network/Holding Ratio. This upscale reflects the firm’s sophisticated approach to managing its meme coin assets. Analysts speculate that Wintermute is positioning itself to surpass competitors like DWF Labs, aiming to become the leading meme coin market maker.

“Is Wintermute planning to take over from DWF Labs and become the No. 1 Meme Market Maker?” a popular user on X @ai_9684xtpa quipped.  

Meanwhile, ACT remains the subject of controversy following its recent listing on Binance. As BeInCrypto reported, some critics alleged that it could contribute to “pump-and-dump” schemes.

This is where token prices are artificially inflated, only to crash when initial excitement fades. According to data on TradingView, ACT is up by over 2,600% since listing on Binance Exchange.

Rumors Suggest Wintermute Could Become Market Maker For ACT Meme Coin image 1ACT Price Performance. Source: TradingView

Binance has faced similar scrutiny in the past with other meme coins, raising questions about its listing policies. Wintermute’s involvement could potentially alleviate these concerns.

This is because the stability and liquidity provided by an established institutional-grade market maker may mitigate extreme price volatility and foster more sustainable trading dynamics, potentially attracting new interest from both retail and institutional investors.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost