According to on-chain data from Arkham Intelligence, Jump Trading has resumed selling Ethereum. The entity recently claimed 17,049 ETH worth $46.44 million from Lido and moved it for sale.
Jump Trading resumes selling Ethereum
Last week, Eth dropped to new lows seen 5 months ago after Jump Trading started selling it. The price of Ethereum fell over 21% in the 24 hours. Since July 24, Jump Trading has sold over $377 million worth of Wrapped Lido Staked ETH (wstETH).
Jump Trading started selling $ETH again just now!
They claimed 17,049 $ETH($46.44M) from #Lido and transferred it out for sale.
Jump Trading currently has 21,394 $wstETH($68.58M) left.https://t.co/Cx6nYYRtKw pic.twitter.com/ZNnY6EmeMF
— Lookonchain (@lookonchain) August 14, 2024
Today, Lookonchain confirms that Jump Trading has started the sell-offs again. According to on-chain data, Jump Trading claimed 17,049 $ETH worth $46.44M from Lido and transferred it out for sale on Aug. 14. Currently, Jump Trading still holds 21,394 wstETH, valued at $68.58 million.
At the time of this writing, Ethereum (ETH) is worth $2,726, down 0.2% in the last hour ago and a 3.4% spike in the last 24 hours. The global crypto market cap remains unaffected today, standing at $2.23 Trillion, a 2.41% spike in the last 24 hours.
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Source: https://www.cryptonewsz.com/jump-trading-again-sells-ethereum-worth-46m/