Latest

Jump Trading started accumulating tokens from DeFi projects

Analytics platform LookOnChain reported that trading company Jump Trading has started a large-scale purchase of tokens of DeFi projects. The investment began after bitcoin rose to $30,000.

According to LookOnChain, Jump Trading bought a significant amount of MASK, the proprietary tokens of the privacy-oriented Mask Network solution for the Etherium network. The company also bought LDO tokens of the Lido steaking platform. In addition, investments were recorded in LEVER and PERP. It should be noted that the total amount of funds blocked in the DeFi protocols is $44 billion, and a quarter of it ($13.8 billion) is controlled by the Lido platform.

Jump Trading bought 1.59 million MASK worth $6.15 million, 1.09 million LDO worth $2.11 million, 509 million LEVER worth $686,000 and 1.07 million PERP worth $545,000. The company owns a total of 164 token names totaling more than $75 million. Of these, ETH coins are worth $36 million.. The largest investments were a $5.7 million MASK token and a $4.1 million Synthetix protocol SNX token. The company also holds $7.1 million worth of BUSD Stablecoins.

Earlier it was reported that Jump Trading had raised $1 billion through deals with Terraform Labs.