Jump Trading Unwraps $410M wstETH, Fuels Ethereum Sell-Off Fears

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9 months ago bitnews

Trading firm, Jump Trading, recently converted a substantial amount of wrapped staked Ethereum (wstETH) into Ethereum (ETH), as noted by Wu Blockchain on X (formerly Twitter). The firm converted 120,000 wstETH, valued at $410 million, into ETH and subsequently moved this large sum to major crypto exchanges such as Binance and OKX. This action has The post Jump Trading Unwraps $410M wstETH, Fuels Ethereum Sell-Off Fears appeared first on Coin Edition .