ETH has risen too sharply and quickly, even Jump Crypto couldn't sit still and needed to sell a bit 😂:

In the past hour, they exchanged 11,802 stETH ($40.5 million) for ETH and transferred it to the address 0xf58...621, and have already begun moving them to exchanges.

These ETH have been held by Jump Crypto for quite some time, originating from the 120,000 ETH they "recovered" from the Wormhole hacker in February 2023. Of course, there are no longer 120,000 left, as they have sold quite a bit, and now there are about 28,000 remaining.

(Simply put, in February 2022, Wormhole was hacked and 120,000 ETH was stolen, and then Jump Crypto used their own funds to fill the gap. In February 2023, Jump collaborated with Oasis to "retrieve" the 120,000 ETH from the hacker's address through a vulnerability)

Address: 0x98629555D323324B9415471033F2745C57B608C6