Jump Crypto, the cryptocurrency arm of the Chicago-based proprietary trading firm Jump Trading, is transferring millions worth of digital assets to exchanges, which could be exacerbating selling pressure across crypto markets.
Data from blockchain analytics platform SpotOnChain indicates that in the past 24 hours alone, Jump Crypto has moved 17,576 ETH, or over $46.78 million, to exchanges like Binance, OKX, Coinbase, Bybit and Gate.io.
The latest transfers bring Jump Crypto’s total exchange deposits to $277 million worth of Ether over the past 10 days.
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#undefined [Source: TheDefiant]