11,501 ETH Liquidated, Transferred to Jump Trading Address
CryptoNewsTerminal Staff07 Aug, 2024
11,501 ETH Liquidated, Transferred to Jump Trading Address
Jump Trading, a prominent market maker, has received a transaction of 11,501 ETH, as per WhaleAlert. This transfer comes after Jump Trading deposited over 36,000 ETH to exchanges since August 3rd, potentially indicating liquidations. The surge in ETH transfers to exchanges suggests increased selling pressure, potentially impacting the price of the cryptocurrency.