Jump Trading transferred 11,500 ETH to the selling address and continued to apply for the redemption of 19,049 stETH into ETH.

Jump Trading may be selling ETH: they are currently redeeming a wstETH worth $410 million (120,000) in batches into ETH and then transferring it to exchanges such as Binance/OKX.

So far, they have unpacked 83,000 wstETH and redeemed it into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH ($191.4M) have entered the exchange.

Specific path:

1. wstETH is transferred from 0x48d...575 to 0x986...8c6;

2. 0x986...8c6 unpacks and redeems wstETH into ETH and then transfers it to 0xf58...621;

3. 0xf58...621 transfers ETH to exchanges such as Binance/OKX.

At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out;
11,500 stETH in the redemption ETH address are being redeemed into ETH;
20,000 ETH in the ETH transfer exchange address are waiting to enter the exchange in batches.

wstETH storage address: 0x48d62ed012e327faacb9c8d2a56330e215da0575
REDEEM ETH address: 0x98629555d323324b9415471033f2745c57b608c6
ETH transfer exchange address: 0xf584F8728B874a6a5c7A8d4d387C9aae9172D621