Arthur Hayes: Heard that a big shot collapsed and is selling off all coins

BitMEX co-founder Arthur Hayes made a surprising statement, saying that his "traditional finance" friends informed him that a big shot had fallen and was dumping their cryptocurrency holdings. Hayes was unsure if it was true, but he also wouldn't disclose who it was.

BitMEX founder Arthur Hayes made a shocking statement, revealing that his "traditional finance" friends informed him about a big shot falling and dumping their cryptocurrency holdings. While he couldn't confirm the authenticity of the information, he refrained from disclosing the identity.

Currently, online communities are speculating whether it is the cryptocurrency branch of the well-known trading firm Jump Trading, as recent surveillance detected significant liquidation activities by the company, leading to a rare 20% drop in ETH's value.

According to data from Arkham Intelligence, the wallets associated with Jump Trading have indeed transferred a large amount of ETH to exchanges in the past few hours, although the motive remains uncertain. Overall, the funds in wallets connected to Jump Trading have been increasing, comprising stablecoins and other cryptocurrencies.

Continuing to plummet! ETH plunged to 2,111 this morning, as Jump Trading is liquidating its Ether holdings