Wallets linked to the quantitative trading firm Jane Street have recently received more than 15 million dollars worth of Bitcoin from two centralized exchanges, signaling a possible return to active trading.
According to blockchain analytics shared by Lookonchain, wallets associated with the firm received a total of 25.36 BTC valued at approximately 15.08 million dollars within a two hour period. The funds were transferred from the exchanges BitMEX and LMAX Digital.
The transactions suggest that the trading firm may have resumed its Bitcoin related operations after a relatively quiet period. This renewed activity comes at a time when the company remains under close attention from regulators and market observers.
Earlier this year, a court appointed administrator connected to Terraform Labs filed a lawsuit accusing Jane Street of insider trading related to the collapse of the Terra and Luna ecosystem in May 2022. The dramatic failure wiped out billions of dollars from the cryptocurrency market.
The trading firm has rejected the accusations and described them as unfounded. It also argued that the legal action is an attempt to shift responsibility for the collapse away from Terraform Labs.
At the same time, several analysts and observers on X have suggested that the firm could be responsible for a recurring drop in Bitcoin’s price that appears around 10 AM, a phenomenon some have labeled the Jane Street 10 AM dump.
However, other industry figures disagree with that claim. Matt Hougan, chief investment officer at Bitwise Asset Management, recently dismissed the idea that the company is deliberately driving these price declines. He described the pattern instead as a typical feature of a prolonged cryptocurrency market downturn rather than the result of coordinated trading activity.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic
