WLFI
ENA
ETHFI
LDO
PEPE
WLD
USDC
ETH
UNI
AAVE
POL
LINKConstant settlement flow
Wintermute settles with dozens of venues daily. Stablecoin legs moving to and from exchanges are the baseline, not the signal.
Whale Alerts
Market Maker & OTC Desk LIVE
Wintermute whale activity, tracked live.
Wintermute is one of the busiest algorithmic market makers in crypto, and its labeled wallets rarely sit still. This page tags every large transfer by direction so you can separate routine settlement from real inventory shifts across BTC, ETH, and stablecoins.
- 30d volume
- $1.3B across labeled wallets
- Whale transfers
- 1,293 last 30 days
- Flow direction
- Sending 83% of volume outbound
- Top asset
BTC 61.7% of 30d volume
Flow balance
Wintermute flow balance
Received versus sent over the last 30 days, in USD, across all labeled Wintermute wallets.
Received $210.3M 427 transfers in
Sent $1.1B 866 transfers out
17% of Wintermute's 30-day USD volume arrived into labeled wallets; 83% left them. Direction is measured from Wintermute's side of each transfer.
Live feed
Latest Wintermute transfers
Large transfers where a labeled Wintermute wallet is the sender or the receiver, tagged by direction from Wintermute's side.
This is the public preview of the Wintermute feed.
View Full HistoryUse the dashboard for full history, per-asset filters, and every labeled wallet route.
Asset mix
What Wintermute is moving
USD volume by asset across Wintermute transfers in the last 30 days.
Record moves
Biggest Wintermute transfers
The largest transfers by USD value in the last 30 days. Every row links to the on-chain record.
- 01 $109M to Binance: Hot Wallet · Jun 29, 04:59 PM UTC BTC OUT
- 02 $60.1M to Binance: Hot Wallet · Jun 5, 09:04 PM UTC BTC OUT
- 03 $59.6M to Binance: Hot Wallet · Jun 24, 05:33 PM UTC BTC OUT
- 04 $59.3M from bc1pz8...6vwr · Jun 25, 08:53 PM UTC BTC IN
- 05 $59.3M to 3J3wb5...yewX · Jun 25, 08:59 PM UTC BTC OUT
Behavior
How Wintermute flow behaves
Market makers and OTC desks leave a recognizable on-chain footprint. These are the patterns this page is built to surface.
Inventory builds show in the balance
When the 30-day balance tilts hard toward receiving one asset, Wintermute may be warehousing inventory ahead of expected demand.
New counterparties are the tell
Flow to a venue or wallet Wintermute does not usually touch — a new chain, a new desk, an unusual token — is the row worth opening first.
How to read Wintermute whale activity
Wintermute's on-chain footprint is the closest thing crypto has to a market-wide liquidity pulse. The firm quotes hundreds of pairs across centralized and decentralized venues, so its labeled wallets are in constant motion: stablecoins out to fund quoting, tokens in from fills, and settlement legs closing the loop. Reading any single Wintermute transfer as a directional bet is almost always a mistake.
What is worth reading: the flow balance and the asset mix. When Wintermute's received-versus-sent balance stays lopsided in one asset for days, that asset's liquidity picture is usually changing — inventory being built before listings and unlocks, or being run down after demand fades. The asset breakdown on this page makes those concentration shifts visible without opening every row.
The biggest-transfers list serves a different purpose here: it catches the exceptions. Nine-figure stablecoin moves, transfers touching unusual chains, or flow to freshly labeled wallets are the rows that have historically preceded notable market events. Each links straight to the on-chain record for verification.
Keep exploring
Keep tracking around Wintermute
Related whales, coin trackers, dashboard filters, and alert channels for the wider feed.
Market makers and OTC desks
Corporate treasury companies
Individual whales
FAQ
Wintermute whale activity FAQ
Short answers about Wintermute transfers, wallet labels, and alerts.
What is Wintermute?
Wintermute is a London-based algorithmic trading firm and one of the largest market makers in crypto, providing liquidity on major exchanges and DeFi venues since 2017. This page tracks large transfers where a labeled Wintermute wallet is the sender or the receiver.
Why does Wintermute move funds so often?
Market making requires constant rebalancing: funding quoting inventory on venues, settling fills, and returning capital. High transfer frequency is the firm operating normally, which is why direction over time matters more than single rows.
Does a big Wintermute deposit to an exchange mean selling?
No. Deposits usually fund market-making inventory on that venue. A sustained one-sided flow across many transfers is more informative than any single deposit.
Which assets does Wintermute move the most?
Stablecoins are typically the largest share because they fund quoting across all pairs, followed by BTC and ETH. The live asset breakdown on this page shows the current 30-day mix.
How are Wintermute wallets identified?
Whale Alerts maintains a labeling system linking known Wintermute addresses to the entity. Only transfers where a labeled Wintermute wallet appears on either side are shown here.
Can I get alerts when Wintermute moves funds?
Yes. Notable whale movements are published through Telegram alerts, and the dashboard lets you filter the full feed by the Wintermute entity for deeper history.
Never miss a Wintermute move.
Use the dashboard for the full Wintermute history and filters, or follow Telegram alerts when notable transfers appear in the monitored feed.