Investment firm Jump Trading cryptocurrency mobility was observed in their wallets. According to the data, the company has altcoins He sold some of them on the crypto exchanges Binance and KuCoin.
Investment Company Jump Trading Earns Huge Profits From Selling Altcoins
According to the data, Jump Trading recently moved $179,000 worth of Lido Finance (LDO) altcoins to Binance and KuCoin.
Jump Trading had purchased 5.59 million LDOs with 1,207 ETH (worth $4.76 million at the time) on May 10, 2021. The company paid an average of $0.85 for these tokens.
In the last sale, the LDO price was around $2.55. After the sale, there was a decrease in the price of the coin, and at the time of this writing, the LDO altcoin price is trading at $ 2.41.
The company still holds approximately 2.99 million Lido Finance (LDO) coins. The value of these coins is around $7.20 million at the time of this writing.
Jump Trading is recognized as a trading company that uses advanced mathematical models and algorithms to trade a variety of financial markets, including stocks, futures, options and cryptocurrencies.
Jump Trading is known for its involvement in high-frequency trading and market making activities in the crypto space. It uses its quantitative trading strategies and expertise to profit from the price movements of cryptocurrencies like Bitcoin and Ethereum. Jump Trading’s involvement in the crypto market highlights the growing interest of traditional finance and trading firms in the digital asset space.
*Not investment advice.
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