Market maker Jump Crypto transfers large amounts of H to exchanges

According to Odaily Planet Daily, well-known market maker Jump Crypto transferred 393,900 H tokens to ByBit. Arkham Intelligence tracks that Jump currently holds 51 million H tokens (Humanity Protocol) and is continuously transferring them to exchanges.

According to the SEC investigation report, Jump Crypto purchased $20 million worth of UST in the Luna incident, obtained the right to buy LUNA at a low price from Terraform, transferred $300 million in assets to Coinbase, Binance, and Gate.io, and made a profit of $1.28 billion. In December 2024, the SEC fined Jump's subsidiary $123 million.

Current on-chain data for H shows that Jump is transferring tokens to exchanges. Meanwhile, market depth is decreasing, with trading volume primarily coming from retail investors, and other large holders are also reducing their holdings.

Analysis indicates that users should manage the proportion of H in their investment portfolio in a timely manner, pay attention to large on-chain transfers, and consider risk management.