Wintermute — On-Chain Wallet Move Tracker
Observe large on-chain moves of Market maker Wintermute from public data. The card below shows recent moves actually detected by the Whale Story smart-money tracker.
Published 2026.07.02
Wintermute is one of the world's largest crypto market makers, founded in London in 2017. It supplies liquidity for hundreds of tokens across both centralized exchanges and DEXs, and is considered one of the most active institutional wallets on-chain.
A market maker's wallet moves are mostly routine inventory adjustment and market-making operations, so no single move can determine direction. That said, an exchange deposit far larger than usual, or concentrated movement of a specific token, is watched as a clue to shifting supply and demand.
Whale Story tracks several of Wintermute's public on-chain wallets and, when a large move is detected, neutrally translates its meaning based on asset type (stable/risk asset) and destination (exchange/DEX/lending, etc.).
How to read Wintermute wallet moves
A market maker's wallet moves are mostly routine market-making and inventory operations. The observation points are unusual moves that are a large multiple of the norm, and the distinction between stablecoins (estimated buy-side dry powder) and risk assets (estimated potential sell pressure).
Whale Story combines the move's asset type (stable/risk asset) and destination (exchange, DEX, lending, staking, bridge) to translate its meaning, and shows the entity's 'multiple vs. usual.' All interpretation is an estimate and does not guarantee future prices.
FAQ
How large does a Wintermute move have to be to get detected?
The Whale Story tracker targets on-chain moves above $150K; the larger the size, the more 🐋 marks appear.
If a Wintermute wallet deposits to an exchange, will price drop?
Not guaranteed. An exchange deposit can be for many reasons besides selling — collateral, hedging, custody moves — and Whale Story marks direction as an 'estimate' only.
How is wallet attribution (whose wallet it is) confirmed?
We track only wallets cross-verified by at least two of: public labels (Etherscan name tags), cross-citation by the on-chain analytics industry, and the entity's own disclosure. Estimated attributions are marked separately on the page.