A crypto whale has spent 1,458 WSTETH, valued at $6.7 million, to acquire 189.55 million BEAM tokens. This transaction occurred within 29 hours as part of a larger trend since December 1, where the whale has invested $35.7 million in ETH to buy various tokens, including FTM.
Around $20M in wrapped staked Ethereum (wstETH), which had previously disappeared in an exit scam, has been returned to ZKasino, raising the possibility of reimbursements.
Jump Trading significantly contributed to the crypto market sell-off and may sell another $104 million worth of wstETH.