Jump Trading Withdraws $116.7M: Major Cash-Out

14 hours ago, Jump Trading executed another significant cash-out, withdrawing $116.7 million.

Key Moves:👇

Withdrawn from Binance: 611.78 million USDC

Deposited to Coinbase: 558.2 million USDC

The USDC deposited into Coinbase is likely to be exchanged for USD at a 1:1 ratio.

Address: 0x4f1a5a5d258522254933a6DA9648c57Fe230D17e

This latest transaction follows Jump Trading’s ongoing strategy of converting substantial amounts of USDC into USD, reflecting their broader market strategy and financial maneuvers.