Jump Trading Potentially Selling ETH
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According to EmberCN, Jump Trading might be selling ETH. They have been converting a significant amount of wstETH worth $410 million (120,000 tokens) into ETH and transferring it to exchanges like Binance and OKX. Since July 25, they have unwrapped 83,000 wstETH into 97,500 ETH over 9 days. Out of this, 66,000 ETH ($191.4 million) has already been moved to exchanges.
Source余烬
@EmberCNAnalyst about On-chain Analysis