Jump Trading significantly contributed to the crypto market sell-off and it could be looking to sell another $104 million worth of wstETH.
The current crypto market crash is being directly linked to offloading by Jump Trading, according to QCP Group, one of Singapore’s first digital asset trading groups.
Ether (ETH) price fell over 21% in the 24 hours leading up to 11:20 a.m. in UTC, to trade at $2,252, according to Cointelegraph data.
The crash to an over five-month low was mainly caused by Ether selling from Jump Trading and Paradigm VC, according to an Aug. 5 report by QCP Group, that wrote:
