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4 billion seems an enormous amount. Do you know how they trade it?
by iqkznnft 4y ago
4 billion seems an enormous amount. Do you know how they trade it?
- seibelj 4y agoI don’t work in trading but everyone in trading knows jump. Likely they invest in a lot of altcoins in pre-sales at significant discounts. Also they were the ones that bailed out Wormhole when they got hacked, likely because the hundreds of millions lost was jump’s own money. They are heavily into solana like all big traders for whatever reason. I think solana is weak tech but there is tons of VC money behind it.
- iqkznnft 4y agoI work in trading and didn't hear $4bn, that's why I was asking.
- polygamous_bat 4y agoJump is into Solana because Solana is their baby; it's a centralized technology that they are behind. Source: was supposed to get in a call with a few people with @solana.com email addresses, got a calendar invite with same names @jumptrading.com addresses.
- favflam 4y agoInteresting. I heard someone from Solana labs describe write access to Solana as an oligopoly. But I don’t understand the play. Is it for Jump and retail investors to play in the same Dex derivative bath tub?
- SEJeff 4y agoGenerally buy low sell high, as all traders attempt :)