Jump Trading has successfully unstaked 11,500 $ETH, valued at $29 million, from Lido Finance.
Additionally, in the past hour, they redeemed 16,210 $WSTETH into 19,049 $STETH. The 11,500 $ETH has been transferred to the wallet “0xf58,” which Jump Trading frequently uses to deposit $ETH to centralized exchanges (CEX).
Jump Trading successfully unstaked 11.5K $ETH ($29M) from Lido Finance and continued to redeem 16,210 $WSTETH into 19,049 $STETH in the past hour.
Note that the 11,500 $ETH has been transferred to the wallet "0xf58" which they often use to deposit $ETH to CEX.
Currently, Jump… https://t.co/oZnrtNqr88 pic.twitter.com/EHP50yqbEA
— Spot On Chain (@spotonchain) August 7, 2024
Currently, Jump Trading still holds 21,394 $WSTETH (worth $63.6 million) and 16,292 $ETH (worth $41.3 million) across their wallets. Furthermore, 19,049 $STETH is in the process of being unstaked from Lido.
In a separate move within the last 14 hours, James_Fickle swapped 4,336 $ETH for $10.94 million, with an average entry price of around $2,523. Currently, he is holding $ETH valued at $426 million.
Within 14 hours, #James_Fickle did swapped 4,336 $ETH for $10.94M with avg entry ~$2,523.
Just now, he's holding $ETH worth $426M.
Address:https://t.co/E3J0EDNVlg pic.twitter.com/K8vblnIz5b
— The Data Nerd (@OnchainDataNerd) August 7, 2024
Market makers have also been actively depositing $ETH to exchanges. Over the last 24 hours, Wintermute deposited a total of 17,368 $ETH (approximately $43.17 million) to Binance. Similarly, 9 hours ago, GSR deposited 5,931 $ETH (approximately $15.05 million) to Binance.
MMs kept depositing $ETH to exchanges.
Within 24 hours, #Wintermute deposited totally 17,368 $ETH (~$43.17M) to #Binance.
9 hours ago, #GSR also deposited 5,931 $ETH (~$15.05M) to #Binance.
Address:https://t.co/MiN6N0btpshttps://t.co/1u7RZ12Rvs pic.twitter.com/fxHUI6lEMH
— The Data Nerd (@OnchainDataNerd) August 7, 2024
Ethereum Spot ETFs Saw A Notable Net Inflow Of $98 Million
In related news, on August 6, the Ethereum spot ETF saw a total net inflow of $98.3 million. Grayscale’s ETF (ETHE) experienced an outflow of $39.7 million, while BlackRock’s ETF (ETHA) had an inflow of $110 million. Fidelity’s ETF (FETH) recorded an inflow of $22.5 million. The total net asset value of the Ethereum spot ETF now stands at $7.06 billion.
On August 6, the Ethereum spot ETF had a total net inflow of $98.3006 million yesterday, Grayscale ETF ETHE had an outflow of $39.7293 million, BlackRock ETF ETHA had an inflow of $110 million, and Fidelity ETF FETH had an inflow of $22.4894 million. The total net asset value of… pic.twitter.com/do6JpEkUVh
— Wu Blockchain (@WuBlockchain) August 7, 2024
These substantial movements and inflows indicate significant trading activity and institutional interest in Ethereum, highlighting its continued relevance and potential for future growth in the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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