Rumors are growing that Wintermute, a leading global algorithmic digital asset trading firm, has become the first to provide liquidity for a new meme coin, AI Prophecy (ACT).
Meme coin ACT remains in the headlines following its controversial Binance listing on Monday.
ACT topped the top 12 Wintermute holdings
The ACT community transferred 9.48 million ACT tokens (worth approximately $5.93 million) to Wintermute on Tuesday. This move marks the first time that a leading market maker involved in the meme coin segment has accepted ACT. The move also signals a potential increase in trading volume and liquidity for this new meme coin.
“It appears that Wintermute has become a market maker for ACT,” Lookonchain said.
Market makers play a critical role in cryptocurrency markets. They promote liquidity by ensuring that buyers and sellers can transact smoothly and reducing price volatility.
This role is especially important in the often volatile meme coin space, where trading volumes and market sentiment can fluctuate significantly. Other notable market makers include Jump Trading, Amber Group, DWF Labs, B2C2, GSR Markets and Flow Traders.
By releasing The AI Prophecy on Wintermute, ACT gains a strategic advantage. He benefits from the deep liquidity and market stability that a professional market maker can provide. The move marks a significant shift, as meme coins have historically relied on community-driven or informal trading agreements rather than a professional market approach.
In addition to ACT, Wintermute has recently increased its holdings of meme coins, including assets such as GOAT and MANEKI. It is currently the third largest holder of GOAT tokens, with Arkham data showing 47.468 million GOAT assets worth $39.57 million. Mu Den (MOODENG) is also located here.
In addition to Wintermute’s expansion into meme coins, the global algorithmic trading firm recently added metrics such as issuance/retention ratio. This high-end level reflects the company’s sophisticated approach to managing meme coin assets. Analysts speculate that Wintermute is positioning itself to beat competitors such as DWF Labs as it strives to become the leading meme coin maker.
“Is Wintermute planning to replace DWF Labs and become the #1 market maker of memes?” – joked popular X user @ai_9684xtpa.
Meanwhile, ACT remains the subject of controversy following its recent listing on Binance. As BeInCrypto reports, some critics have argued that this could encourage “pump and dump” schemes.
This is where token prices are artificially inflated, only to crash when the initial excitement subsides. According to TradingView, ACT shares have risen more than 2,600% since listing on Binance Exchange.
Binance has faced similar scrutiny of other meme coins in the past, raising questions about its listing policies. Wintermute’s participation could potentially alleviate these concerns.
This is because the stability and liquidity provided by an established institutional-grade market maker can mitigate extreme price volatility and promote more resilient trading dynamics, potentially attracting new interest from both retail and institutional investors.
