Leaving and not playing anymore? After a massive sell-off of post-sale cryptocurrency assets, Jump T

According to information shared by Lookonchain, Jump Trading has withdrawn 606 million USDC from Binance and deposited 440 million of them into the Coinbase exchange since the sale of Ethereum began on July 24th. It is speculated that these USDCs may be withdrawn through Coinbase at a 1:1 ratio.

According to previous reports from Zombiet, Jump Trading sold a large amount of Ethereum over the weekend, and BitMEX co-founder Arthur Hayes also posted yesterday stating:

My traditional financial circle friend told me that a big shot has gone wrong and is selling all cryptocurrencies. I'm not sure if this is true and won't name them, but if you've heard anything, let everyone know

The market generally speculates that the institution referred to by Arthur Hayes is likely to be Jump Crypto, the cryptocurrency division of Jump Trading.