According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million into ETH in batches and then transferring it to exchanges such as Binance and OKX. So far, they have redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (worth $191.4 million) have entered the exchange. At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address are being redeemed into ETH; 20,000 ETH in the ETH transfer exchange address are waiting to enter the exchange in batches.

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