Teneo, the prominent crypto hedge fund Three Arrows Capital’s liquidator has recently made a significant development. As per SpotOnChain, a well-known on-chain analytics provider, Teneo reportedly deposited up to 2.18M $STRK tokens (equaling $2.63M) into Binance during the last 3 days. The analytics platform took to its official social media account on X to reveal this development. Earlier, Vitalik Buterin (Ethereum co-founder) also unlocked over $1M worth of $STRK tokens.
Teneo, #3AC liquidator, deposited 2.18M $STRK ($2.63M) to #Binance in the past three days!
Currently, @Teneo still holds 130M $STRK ($157M) of 3AC’s assets in custody, making it the second-largest non-team/CEX STRK-holding wallet.
The STRK price dropped 6% (24H) after Vitalik… pic.twitter.com/hea39ENn4p
— Spot On Chain (@spotonchain) May 25, 2024
Teneo of 3AC Deposits 2.18M $STRK Tokens into Binance Over 3 days
SpotOnChain pointed out that, after making such a huge deposit into Binance, Teneo holds up to 130 million $STRK tokens. The respective figure equals an amount of up to $157 million. The liquidator holds these assets of Three Arrows Capital in its Custody. Keeping that in view, 3AC has obtained the position of the 2nd-biggest non-team or centralized exchange-based $STRK wallet.
The recent token claim by Vitalik Buterin (the co-founder of the popular blockchain platform Ethereum) has impacted $STRK. According to SpotOnChain, this event has reportedly paved the way for a substantial price plunge. The analytics forum mentioned that the Ethereum co-founder claimed up to 845K $STRK tokens yesterday.
The Cumulative Balance of the 3AC Liquidator Stands at $528.199 Million
The respective tokens reportedly equal nearly $1.07 million in terms of value. Due to this episode, the crypto token experienced a price dip of up to six percent. SpotOnChain also brought to the front that the present balance of the liquidator stands at $528.199 million. Apart from 130M $STRK, Teneo also contains some other crypto tokens in its holdings.
It reportedly accounts for holding up to 75 million $WLD tokens (equaling $350.250 million). Additionally, holds approximately 5.463 million $DYDX tokens. These coins have a value of almost $11.473 million. Moreover, it contains up to 6.259 million $USDC coins (nearly $6.255 million) within the token holdings. Furthermore, the token holdings of the liquidator also take into account 106.931 $ETH tokens (equaling $401.388K).