Jump Trading accused of crypto ‘pump and dump’ in game dev’s suit
Game developer Fracture Labs accused Jump Trading of using its DIO token to profit millions from a “pump and dump” scheme.
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Game developer Fracture Labs accused Jump Trading of using its DIO token to profit millions from a “pump and dump” scheme.
Jump Trading moved 17,049 ETH from Lido, valued at $46.44M, raising market fears. Yet, data hints at a strategic liquidity setup.
The Ether bottom could be in, as market makers like Jump Trading are running out of ETH to sell.
Jump still holds at least $125 million of staked-Ether, blockchain data from Arkham shows.
