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Jump Report Shows Big Investors Exited Terra While Retail Bought

  • Large investors exit drove outflows, firm’s report finds
  • Terra’s backer publishes an account of stablecoin’s collapse
Kanav Kariya
Kanav KariyaPhotographer: Eva Marie Uzcategui/Bloomberg
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Jump Crypto, a firm heavily involved in the defunct Terra blockchain, said that some large investors exited Terra-related positions as the TerraUSD (UST) stablecoin began to lose its peg, while small investors continued buying during the collapse.

That detail was part of a report on Terra’s meltdown in early May that Jump Crypto, the crypto unit of Chicago-based Jump Trading, published on Thursday.