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 Since starting to sell ETH on July 24, they have withdrawn a total of $611.78 million USDC from Binance and deposited $558.2 million USDC to Coinbase.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.