TechFlow reports that Arthur Hayes, co-founder of BitMEX, tweeted that someone in the traditional finance sector informed him a "big player" might be severely impacted and is selling off all its cryptocurrency holdings. Hayes stated he cannot verify the authenticity of the information and did not disclose any specific name. Currently, most community users suspect it to be Jump Trading.
It is reported that Jump Trading recently redeemed 120,000 wstETH in batches into ETH and transferred them to centralized exchanges (CEX). It currently holds a total of $588.9 million, including $472 million in USDC, $93.166 million in USDT, 3,764 ETH ($8.73 million), and 49.391 WBTC ($2.67 million). Stablecoin holdings account for approximately 95.97% of its portfolio.
