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Recently, market makers in the crypto space haven't been idle. Let's take a look at what these four major players' wallets have been up to lately.
GSR Markets' wallet value increased by $20.01 million this week. They are quite optimistic about ETH, RENDER, SOL, LINK, and PROMPT, all of which they increased their holdings in. At the same time, they are reducing their positions in POL, SKY, EDGE, SPK, CVC, ZORA, RSR, and AVAX, indicating a shift in their attitude towards certain tokens.
Wintermute also performed well, with their wallet value rising by $18.47 million. They strengthened their positions in ETH, SOL, FARTCOIN, W, WLFI, USELESS, and CAKE. However, they are gradually reducing their holdings in BTC, PEPE, ENA, LINK, ASTER, ARB, GALA, PUMP, and ONDO.
Jump Crypto's activity this week was somewhat different. Their wallet value actually decreased by $83.08 million. Although they increased their holdings in SOL and UNI, their BTC holdings have noticeably shrunk, and their positions in SOON and BNB are also decreasing. This move appears to be a strategic adjustment.
Amber Group experienced steady growth, with their wallet value increasing by $40.66 million. They are adding to their positions in ETH, BNB, CRV, and ENA. Interestingly, they haven't sold any tokens, simply increasing new positions.
From the actions of these four firms, ETH and SOL are the darlings of the week, receiving increased holdings from multiple market makers. This reflects a continued market confidence in the ecosystems of these two mainstream blockchains.