Wintermute received 2.5M LAPTOP tokens from the project's Gnosis Safe and has begun selling ~500K across CEX deposits on Kraken, Gate, and KuCoin.
Ecosystem ·
Wintermute has begun liquidating a substantial allocation of LAPTOP tokens, receiving 2.5M tokens from the project's Gnosis Safe and routing 2.09M across multiple trading wallets. The trading entity has initiated sales across centralized exchanges, with approximately 500K LAPTOP moved for roughly $2M in value across 356 transactions, with additional volumes directed toward deposit addresses on Kraken, Gate, and KuCoin.
The distribution reflects a coordinated liquidation strategy, utilizing a main receiving wallet to funnel tokens into a dedicated selling wallet and then into exchange deposit addresses for conversion. The scale—roughly $2M in realized sales from the initial 500K token tranche—provides a price reference, though the full disposal pathway and timeline for the remaining holdings remain unspecified.
Key open questions include the total intended liquidation volume relative to the 2.09M routed across wallets, the project's rationale for the allocation to Wintermute, and whether the remaining position will be liquidated at similar rates or held.