According to TechFlow, on August 7, according to Ember’s monitoring, Jump Trading recently transferred 11,500 ETH to the sales address and applied to redeem 19,049 stETH for ETH. The details are as follows:

  1. The address responsible for unpacking and redeeming ETH by Jump Trading has transferred 11,500 ETH (about 28.9 million U.S. dollars) applied for on August 4 to the CEX distribution address;

  2. Transfer 16,210 wstETH (approximately $47.92 million) from the wstETH storage address to the unpacking redemption ETH address, and continue to apply for redemption;

  3. The address storing wstETH still has 21,394 wstETH (about 63.33 million US dollars) waiting for subsequent redemption and transfer;

According to previous news, Jump Trading recently redeemed a sum of wstETH (120,000 pieces) worth US$410 million in batches into ETH and then transferred it to exchanges such as Binance and OKX. It may be selling ETH.

#ETH