🚨Jump Crypto Fund Suspected of Liquidating
Bitcoin and EthereumBitcoin has lost 12.8% of its value in the last 12 hours, falling from $61,000 to $49,000.
Ethereum has dropped 22% to $2,100 - a value not seen since January 1, 2024.
After the latest correction in the crypto market, there are rumors that Jump Crypto fund is liquidating its assets.
According to statistics, since July 25, just 2 days after the Ethereum ETF started trading, Jump has converted up to $500 million of Lido's stETH tokens back to ETH, then sent $200 million of Ethereum to the exchange with a high probability of selling.
There are rumors that Jump is reducing its exposure to the cryptocurrency industry after being investigated by the CFTC in June. Jump Crypto President Kanav Kariya also announced his resignation just days later, fueling speculation in the investment community.
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