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BitMEX Lianchuang: A "Big Guy" Falls and Sells All Crypto Assets

On August 5th, BitMEX Lianchuang Arthur Hayes posted on social media that it learned through traditional financial news channels that a "big guy" fell and sold all cryptoassets. At present, most of the community speculates that it is referring to Jump Crypto. According to an analysis released by EmberCN yesterday, Jump Trading may be selling ETH, and is recently redeeming a $410 million wstETH (120,000) into ETH in batches and then transferring it to trading platforms such as Binance/OKX. As of yesterday, Jump Trading has redeemed 83,000 wstETH into 97,500 ETH in the nine days since July 25. Of these, 66,000 ETH (about $191 million) has entered the trading platform. According to Scopescan monitoring, the current position of Jump has been dominated by USDC and USDT. BlockBeats previously reported that Fortune had reported on June 20 that the U.S. Commodity Futures Trading Commission (CFTC) was investigating Jump Crypto.