According to PANews, Arthur Hayes recently tweeted that a significant player in the traditional financial sector is reportedly selling off all their cryptocurrency holdings. The specific details remain unclear, and Hayes did not disclose any names but advised the community to stay alert to related developments.

The majority of the community speculates that the entity in question might be Jump Crypto. Previous reports indicated that Jump Trading might be offloading Ethereum (ETH), having recently redeemed $410 million worth of wstETH in batches and transferred it to centralized exchanges (CEX). In the past 24 hours, Jump Trading has moved 17,576 ETH, valued at approximately $46.78 million, to CEX. Monitoring by Scopescan reveals that Jump's current positions are predominantly held in USDC and USDT.

In June, it was reported that the U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto. Additionally, Jump Crypto's president, Kanav Kariya, has announced his resignation.