2024

when

Arkham

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<p>A recent move by market maker Jump Trading has fueled rumors of an ETH sell-off. On-chain analysis platform Lookonchain reported that Jump Trading transferred 17,049 ETH, worth $46.44 million, from Lido, suggesting a potential sale.</p> 
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   <p lang="en" dir="ltr">Jump Trading started selling <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> again just now!<br><br>They claimed 17,049 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($46.44M) from <a href="https://twitter.com/hashtag/Lido?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Lido</a> and transferred it out for sale.<br><br>Jump Trading currently has 21,394 <a href="https://twitter.com/search?q=%24wstETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$wstETH</a>($68.58M) left.<a href="https://t.co/Cx6nYYRtKw" target="_blank" rel="nofollow">https://t.co/Cx6nYYRtKw</a> <a href="https://t.co/ZNnY6EmeMF" target="_blank" rel="nofollow">pic.twitter.com/ZNnY6EmeMF</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1823633235466969440?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 14, 2024</a>
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<p>The blockchain analysis firm noted that the transfer marked a resumption of ETH selling by the market maker, highlighting the latest transfer left Jump Trading with a balance of 21,394 wstETH worth $68.58 million.</p> 
<p>Lookonchain issued a <a href="https://x.com/lookonchain/status/1820321011730116636" target="_blank" rel="nofollow">similar alert on August 5</a>, when Jump Trading sold 120,695 wstETH (worth $481 million). That sell-off coincided with a crypto market crash where ETH lost over 20% of its value in a single day, dropping to $2,110 before rebounding.</p> 
<p>While Lookonchain’s data raises sell-off concerns, reports from Arkham Intelligence paint a different picture. Arkham’s data shows Jump Trading depositing funds to various exchanges, including Binance,…</p>
<p>The post <a href="https://coinedition.com/jump-tradings-eth-transfers-spark-sell-off-speculation/">Jump Trading’s ETH Transfers Spark Sell-Off Speculation</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Jump Trading’s ETH Transfers Spark Sell-Off Speculation

Coin Edition

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