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

• Three Arrows Capital liquidator Teneo transfers $2.63 million in STRK to Binance, retaining a significant $157 million worth.
• Teneo emerges as a major player in the Starknet (STRK) token ecosystem, holding the second-largest non-team/CEX wallet.
• STRK Price Up, Trading Volume Down: What’s Next for Starknet?

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.

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

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…

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