Jump Crypto Shifts Hundreds of Millions of Dollars in Cryptocurrency as Price Falls

According to theblock, Jump has been unpledging and potentially selling these Ether coins since July 25th, a few days after the launch of the US Spot Ether ETF. Jump appears to have been converting more than $500 million worth of Lido wstETH into Ether since July 25, a few days after the U.S. Spot Ether ETF launched on the 23rd. According to EmberCN, Jump still holds about $130 million in pledged Ether, while nearly $200 million worth of unpledged Ether has entered exchanges.