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Cryptocurrency tracking platform Arkham recently published an analysis examining whether Jump Crypto played a role in the recent downturn in the cryptocurrency market.
Over the past week, Jump Trading has actively sold a significant amount of Ethereum (ETH) worth approximately $480 million. This ETH was forcibly taken back from the Wormhole hacker in February 2023.
Jump Trading initially had 120,000 wrapped staked ETH (wstETH) worth $481 million, obtained through a counter-hacking operation in collaboration with the Wormhole team. The Wormhole hacker had previously made it possible to recover these funds by opening positions on Summer.fi.
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Two weeks ago Jump Trading transferred all 120,000 wstETH to a new wallet and then moved 83,100 wstETH (worth $314.9 million) to another wallet identified as 0x986.
To date, 86,050 ETH ($273.8 million worth) have been unstake and deposited into various exchanges.
Jump Crypto currently holds 37,600 wstETH (valued at $102.1 million) and 11,500 stETH (valued at $33.5 million) is currently in the process of being unstake from Lido. This means Jump Crypto holds just under 40% of its initial ETH holdings.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-did-jump-trading-do-during-the-last-big-drop-are-they-really-the-reasons-for-the-fall-here-are-the-answers/" rel="noopener noreferrer nofollow">What Did Jump Trading Do During the Last Big Drop? Are They Really the Reasons for the Fall? Here are the Answers</a>

What Did Jump Trading Do During the Last Big Drop? Are They Really the Reasons for the Fall? Here are the Answers

Bitcoin Sistemi EN

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