Jump Crypto’s institutional wallet received a significant transfer of 33.1 million W tokens valued at $2.34 million originating from a previously inactive blockchain address. The transaction source, identified as ‘DURd9…BHH29′, occurred approximately eight hours before monitoring and has been linked to Fireblocks’ institutional custody infrastructure.
The dormant address connection points toward activity by professional investors leveraging enterprise-grade security solutions. As both strategic investor and parent company to decentralized finance protocol Wormhole, Jump Crypto maintains notable influence within blockchain ecosystems.
This transfer marks renewed movement in institutional-held assets, underscoring continued capital activity in cryptocurrency markets through regulated custody channels. The transaction size suggests significant institutional positioning around W token applications without disrupting normal market operations.