According to on-chain analyst Ember, Jump Trading may be selling ETH: they are recently redeeming a $410 million worth of wstETH (120,000) into ETH in batches and then transferring it to exchanges such as Binance/OKX.
As of now, they have redeemed 83,000 wstETH to 97,500 ETH in 9 days since 7/25. Of these, 66,000 ETH (191.40 million USD) has entered the exchange.
At present, there are 37,600 wstETH at their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address are being redeemed into ETH; 20,000 ETH in the ETH transfer address are waiting to enter the exchange in batches.
Jump Trading is redeeming 120,000 wstETH into ETH in batches and then transferring them to CEX
2024-08-04 01:55:50
According to chain analyst division embers monitoring jumping trading may selldesk3cryptocurrencydesktopCrypto News
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