Jump Trading, Wintermute and Abraxas Capital deposited large amounts of bitcoin (BTC), ether (ETH) and Arbitrum’s ARB token to crypto exchanges during Monday’s crypto market sell-off, blockchain data shows.
Asset manager Abraxas Capital transferred 14,130 ETH – worth roughly $22.5 million – to Bitfinex in two transactions, blockchain analytics firm Arkham Intelligence noted in an X post. Major market maker Jump Trading sent nearly 236 BTC – worth $5.9 million – to Binance in one installment, Arkham added.
Blockchain sleuth Lookonchain noted that Wintermute, another large market maker, deposited more than $3.3 million in ARB to Binance over the past 8 hours.
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