Jump Crypto Ranks Third in Bitcoin Holdings, Trailing Only Binance and Bitfinex

Latest knowledge from Arkham signifies that the third-largest Bitcoin holder’s tackle bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2 is managed by market maker Bounce Buying and selling and is saved on the Robinhood custodial service platform. Over the previous three months, this tackle has gathered a complete of 118,300.2 BTC, equal to roughly $30.8 billion USD.

Moreover, knowledge from BitInfoCharts offers insights into the dominant Bitcoin holding addresses.

One among Binance’s chilly wallets, with an tackle of 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo, holds a considerable 248,597 BTC. Equally, Bitfinex, with its chilly pockets tackle bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97, additionally possesses an quantity of 178,010 BTC. These two addresses characterize a few of the largest Bitcoin holdings.

Bounce Crypto, a distinguished but enigmatic participant within the cryptocurrency realm, operates as a key division of the standard quantitative buying and selling powerhouse, Bounce Buying and selling Group. The agency has been linked to vital crypto occasions, together with the Terra Luna crash and the chapter of FTX.

In November 2022, rumors recommended that Bounce Crypto may wind down its operations attributable to potential FTX-related losses. Nonetheless, on November 17, Bounce Crypto swiftly dispelled these rumors by way of a tweet, highlighting their strong monetary standing and asserting their standing as one of the vital well-capitalized entities within the crypto area. They additional emphasised that their dealings with FTX have been nicely inside their threat parameters.

Quick ahead to March 3, 2023, Bounce Crypto showcased its adeptness by addressing the Wormhole Exploit from February 2022. Using their sensible contracts, they managed to reclaim roughly $195 million in stolen Ethereum. In partnership with Oasis, they modified the sensible contract’s logic on the Oasis Community, making certain the protected return of 120,000 stolen wrapped ETH. Whereas this transfer underscores Bounce Crypto’s capabilities, it additionally sparks issues concerning the potential misuse of such methods within the DeFi sector, posing questions concerning the trade’s trustworthiness.

Picture supply: Shutterstock



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