Jump Trading transferred 11.50 thousand ETH to the selling address and proceeded to redeem 19,049 stETH for ETH.

Wu learned that, according to on-chain analyst Yu Jin, Jump Trading transferred 11.50 thousand $ETH to a selling address and continues to apply to redeem 19,049 $stETH into ETH. The address responsible for unpacking the redeemed $ETH transferred the 11.50 thousand $ETH (worth 28.90 million USD) applied for redemption on August 4 to the address responsible for distributing $ETH to CEX, and transferred 16,210 wstETH (worth 47.92 million USD) from the address holding wstETH to the address responsible for unpacking the redeemed $ETH, continuing the redemption process. Currently, the address holding wstETH still has 21,394 wstETH (worth 63.33 million USD) waiting for future redemption and transfer out.