A current transfer by market maker Leap Buying and selling sparked rumors of an ETH selloff. On-chain analytics platform Lookonchain reported that Leap Buying and selling transferred 17,049 ETH value $46.44 million from Lido, indicating a possible sale.
The blockchain analytics agency famous that the switch marked a resumption of ETH gross sales by the market maker, highlighting that the most recent switch left Leap Buying and selling with a stability of 21,394 wstETH, value $68.58 million.
Lookonchain issued the same alert on August 5, when Leap Buying and selling offered 120,695 wstETH (value $481 million). This selloff coincided with the crypto market crash, the place ETH misplaced greater than 20% of its worth in a single day, falling to $2,110 earlier than rebounding.
Whereas Lookonchain's knowledge raises considerations a few sell-off, reviews from Arkham Intelligence paint a special image. Arkham knowledge reveals that Leap Buying and selling is depositing funds on numerous exchanges, together with Binance,…
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