PANews reported on August 5 that Arthur Hayes tweeted that sources in the traditional financial circle said that a large investor was selling all cryptocurrencies, but the details were not clear. Hayes did not reveal the specific name, but reminded everyone to pay attention to relevant developments.
At present, most of the community speculates that it refers to Jump Crypto. It was previously reported that JumpTrading may be selling ETH and recently redeemed $410 million of wstETH in batches and transferred it to CEX. JumpTrading transferred 17,576 ETH to CEX in the past 24 hours, with a total value of approximately $46.78 million. According to Scopescan monitoring, Jump's current positions are dominated by USDC and USDT.
It was previously reported in June that people familiar with the matter said that the US CFTC was investigating JumpCrypto. JumpCrypto President Kanav Kariya announced his resignation.
