On September 13, Nansen CEO Alex Svanevik posted on social media that Wintermute currently holds 98 CBBTC (about $5.68 million), accounting for 13.42% of the total CBBTC on the Base network. Alex Svanevik said that the move by Base Network to launch CBBTC is expected to see a significant rise in its network TVL, and it appears that Wintermute is the first market maker for CBBTC.