Jump Crypto Deposits $26 Million USDT on Binance Amidst Broader ETH Unstaking Trend
CryptoNewsTerminal Staff04 Aug, 2024
Jump Crypto Deposits $26 Million USDT on Binance Amidst Broader ETH Unstaking Trend
Jump Crypto, a leading cryptocurrency market maker, has recently deposited 26 million USDT on Binance, as per data from scopescan. This transaction follows a broader trend of ETH unstaking by Jump Crypto, with an estimated $410 million worth of ETH unstaked in the past 9 days. Notably, $190 million worth of this unstaked ETH has been deposited to centralized exchanges, including Binance, OKX, and others. This activity suggests that Jump Crypto may be adjusting its investment strategy amid current market conditions. The influx of unstaked ETH onto exchanges could potentially increase liquidity and trading volume for the cryptocurrency. It is worth noting that such large-scale movements of funds can have an impact on market prices.
