On September 13th, Alex Svanevik, CEO of Nansen, shared insights on Wintermute's holdings of CBBTC on the Base Network through social media. It was revealed that Wintermute holds 98 CBBTC, equivalent to approximately $5.68 million in market value. This holding represents 13.42% of the total CBBTC on the Base Network. Svanevik further noted that this move suggests a significant increase in the Total Value Locked (TVL) on the Base Network since the introduction of CBBTC. This dynamic indicates that Wintermute may have become the first market maker for CBBTC, and their role and influence in the market cannot be overlooked.