Data: Jump Crypto has withdrawn approximately 160,000 HYPE from exchanges in the past 24 hours, bringing the total holdings to 500,000

According to MLM monitoring, Jump Crypto has withdrawn approximately 160,000 HYPE (about $4.65 million) from exchanges in the past 24 hours, increasing its total holdings to about 500,000 HYPE (about $14.6 million), which just reaches the threshold for the highest level of market-making fee rate discount in the Hyperliquid ecosystem (500,000 / 40%). This means that Jump is likely to officially start market-making on Hyperliquid soon.