Smart Money Inflows
- ~$77m inflows of BUSD. This is mostly attributed to ~$75m inflow to Jump Trading who received most BUSD directly from Binance.
- Nansen Research published a stablecoin report in April which found that BUSD is among the safest of stablecoins (according to publicly available information at the time). In such uncertain times, Jump’s large increase in BUSD may reflect the firm’s opinion that BUSD is a safer stablecoin to hold at present.
- This may also have been a desire to move their capital off-exchange during these turbulent times.
- Below is Jump’s current balance which is heavily weighted in favour of BUSD; followed by USDC, WBTC, USDT, and WETH. ![Screenshot 2022-11-21 at...