TechFlow reports, according to on-chain analyst Yujin's monitoring, Jump Trading may be selling ETH: recently, they have been gradually redeeming a batch of wstETH worth $410 million (120,000 units) into ETH, then transferring them into exchanges such as Binance and OKX.
To date, within the 9 days since July 25, they have already redeemed 83,000 wstETH into 97,500 ETH. Among these, 66,000 ETH (worth $191.4 million) have already entered exchanges.
Currently, their wstETH storage address still holds 37,600 wstETH yet to be transferred out; 11,500 stETH at the ETH redemption address is being converted into ETH; and 20,000 ETH at the ETH transfer-to-exchange address are awaiting gradual entry into exchanges.
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