Is Wintermute dumping defi 1.0 tokens on us plebs?

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is Wintermute an enemy of defi? wintermute is a “market maker” which supposes to be market neutral yet sources have informed otter of numerous examples of Wintermute dumping defi 1.0 tokens today we will take a look at some examples like retweet and read on! 🦦🧵

on 16 september 2023 wintermute was found sending $LINK, $COMP and $AAVE in the case of $LINK the tokens found their way to Coinbase (presumably for selling) the tokens were cunningly sent not through the main Wintermute address but through a proxy address

1 hour after the transfers above, Wintermute *coincidentally* receives $426,000 worth of ETH from Coinbase *Coincidentally” a figure that’s really close to the COMP value it has sent out an hour ago

also coincidentally $COMP token price started to take an unnatural plunge the same could be said for the other tokens on eth basis

to give a fuller picture of Wintermute’s transactions of that very same day, it seems that $MKR and $CHZ were not spared either both mkr & chz were sent to CEX

why would a market neutral crypto market maker be caught selling tokens for stables & eth? is it relevant to wintermute hack exactly 1 year ago? happy anniversary of $160m hack @wintermute_t

WE NEED ANSWERS @wishfulcynic 1. why are large amounts of defi tokens from wintermute finding their way to centralized exchanges? 2. why is Wintermute receiving large amounts of corresponding stables & ETH from CEX shortly after sending tokens to CEX

3. are these activities market neutral? 4. will Wintermute please give warning before dumping on us plebs? 5. is Wintermute the reason why defi is dumping so badly?

otter has written about wintermute previously before you can read about it here x.com/otteroooo/status/1650148520559792129?s=20

as you, the people, have requested otter will be more proactive in investigating onchain dumpoooors x.com/otteroooo/status/1703325626768540075?s=20

tagging some defi founders & original thinkers @DefiMoon @RuneKek @ChainLinkGod @Ninjascalp @SalsaTekila @crvUSDbull @Cryptadamist @ParrotCapital @rleshner @StaniKulechov @lemiscate @AaveAave @HsakaTrades @inversebrah @nay_gmi @emgurevich @napgener @DegenSpartan @NotChaseColeman