Jump Trading Liquidates $116.7M in USDC
8/7/2024 2:02:30 AM
According to @lookonchain, Jump Trading has recently cashed out $116.7 million in USDC. Since starting to sell ETH on July 24, they have withdrawn a total of $611.78 million USDC from Binance and deposited $558.2 million USDC to Coinbase. The USDC deposited into Coinbase is expected to be exchanged for USD at a 1:1 ratio. (Source)
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