Jump Crypto unstakes $315M of ETH, now headed to exchanges
Jump still holds at least $125 million of staked-Ether, blockchain data from Arkham shows.
Jump Crypto, the crypto division of Jump Trading, has shifted hundreds of millions of dollars worth of crypto to exchanges in recent days — sparking speculation that it may be preparing to sell off a huge chunk of its assets.
It includes over 120,000 staked-Ether (ETH) tokens — worth $314.8 million — which started moving on July 24 — one day after the launch of spot Ether exchange-traded funds in the United States.
Data from blockchain analytics platform Arkham shows much of those funds were unstaked at Ethereum redeem address “0x986…608c6” before being moved to Binance, OKX, Coinbase, ByBit and Gate.io deposit addresses.
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Author: Brayden Lindrea
