TechFlow reported on August 7 that according to EmberScan's monitoring, Jump Trading recently transferred 11,500 ETH to a selling address and initiated redemption of 19,049 stETH into ETH. Details are as follows:
- The address responsible for unwrapping redeemed ETH has transferred the 11,500 ETH (approximately $28.9 million) applied for on August 4 to a CEX distribution address;
- Transferred 16,210 wstETH (approximately $47.92 million) from the wstETH storage address to the ETH unwrapping redemption address, with further redemptions requested;
- The wstETH storage address still holds 21,394 wstETH (approximately $63.33 million) pending subsequent redemption and withdrawal;
Previous report: Jump Trading recently began redeeming a batch of wstETH worth $410 million (120,000 units) into ETH and transferring them into exchanges such as Binance and OKX, potentially indicating active ETH selling.
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