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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.
Crypto sleuth EmberCN estimated approximately $410 million of Ether has been unstaked with $191 million of that already entering crypto exchanges. Jump Crypto still holds at least $125.8 million of staked-Ether, including $116.1 million of wrapped-Lido Staked Ether (WSTETH).
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.
The mass transfers come about five weeks after Kanav Kariya stepped down as Jump Crypto’s President following widespread reports of a Commodit…
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