Jump Crypto is suspected to be in the process of swapping a large amount of SOL for BTC, having deposited 1.1 million SOL to an OTC platform.
BlockBeats News, October 31, according to lookonchain monitoring, Jump Crypto appears to be converting a large amount of SOL to BTC. In the past 15 minutes, Jump Crypto has transferred the already unstaked 1.1 million SOL (about $205 million) to Galaxy Digital and received 2,455 BTC (about $265 million) in return.
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