In a report on Terra’s collapse, Jump Crypto said that during the UST de-anchor, some large investors exited their Terra-related positions, while smaller investors continued to buy. So far, the company has been largely silent on Terra’s demise.
Although Jump’s president, Kanav Kariya, is listed on the LFG Foundation’s website as a member of the management committee, the report did not discuss his company’s role in the incident. Findings based on public blockchain transactions (excluding Jump’s internal data) showed that some large investors exited UST positions earlier than many smaller investors, again showing that cryptocurrency is still a game for large professional players.
The Jump Crypto report, written by researchers Nihar Shah and Maher Latif, noted that some of UST’s large savers withdrew from Anchor as early as May 7, while some small savers increased their exposure between May 7 and May 9. mouth. Jump said the outflow of UST from Anchor played a key role in further de-anchoring of UST.
“However, the aggregate position size of small savers is an order of magnitude smaller than that of medium and large savers, so the increase in exposure is not enough to offset the outflow,” the report concluded. In addition, Jump believes that, based on an analysis of wallet history, this crash was triggered. wallets are unlikely to be associated with professional trading entities.