Hedge

<ul class="news-points"> 
 <li><strong>Three Arrows Capital liquidator Teneo transfers $2.63 million in STRK to Binance, retaining a significant $157 million worth.</strong></li> 
 <li><strong>Teneo emerges as a major player in the Starknet (STRK) token ecosystem, holding the second-largest non-team/CEX wallet.</strong></li> 
 <li><strong>STRK Price Up, Trading Volume Down: What’s Next for Starknet?</strong></li> 
</ul> 
<p>Hedge Fund Three Arrows Capital’s liquidator, Teneo, has reportedly transferred 2.18 million STRK tokens, valued at approximately $2.63 million, to Binance over the past three days. According to an X post by the blockchain analytics platform Spot On Chain, Teneo currently retains 130 million STRK, estimated to be worth $157 million.</p> 
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   <p lang="en" dir="ltr">Teneo, <a href="https://twitter.com/hashtag/3AC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#3AC</a> liquidator, deposited 2.18M <a href="https://twitter.com/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$STRK</a> ($2.63M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> in the past three days!<br><br>Currently, <a href="https://twitter.com/Teneo?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Teneo</a> still holds 130M <a href="https://twitter.com/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$STRK</a> ($157M) of 3AC's assets in custody, making it the second-largest non-team/CEX STRK-holding wallet.<br><br>The STRK price dropped 6% (24H) after Vitalik… <a href="https://t.co/hea39ENn4p" target="_blank" rel="nofollow">pic.twitter.com/hea39ENn4p</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1794178019130843393?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 25, 2024</a>
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<p>Chinese crypto reporter Colin Wu offered further insights into Teneo’s strategic maneuver with STRK tokens. Notably, Teneo, holding a substantial portion of 3AC’s STRK tokens, h…</p>
<p>The post <a href="https://coinedition.com/starknet-token-activity-dives-as-3ac-liquidator-makes-major-binance-transfer/">Starknet Token Activity Dives as 3AC Liquidator Makes Major Binance Transfer</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Starknet Token Activity Dives as 3AC Liquidator Makes Major Binance Transfer

Coin Edition

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