Data: Jump Trading suspected of selling ETH, involving 120,000 wstETH redemptions

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Jump Trading may be selling ETH: they have recently been redeeming a batch of wstETH worth $410 million (120,000 pieces) into ETH and then transferring it to exchanges like Binance and OKX.

As of now, they have redeemed 83,000 wstETH into 97,500 ETH over the past 9 days since July 25. Among them, 66,000 ETH (worth $191.4 million) has already entered the exchanges.

Currently, their wstETH storage address still has 37,600 wstETH untransferred; in the redeeming ETH address, 11,500 stETH is in the process of being redeemed into ETH; and in the ETH transfer to exchange address, there are 20,000 ETH waiting to be transferred to the exchanges in batches.