Jane Street Trades Bitcoin Again: What You Should Know About This Major Player
Bitcoin is also at the center of attention as a a new wave of on-chain activity brings one of the most watched trading companies back into focus. The latest data shows that Jane Street has started moving Bitcoin again, attracting renewed attention at a time when the scrutiny of its past actions has not fully subsided.
On-Chain Bitcoin Data Reveals Consolidated Revenue
The latest blockchain tracking data highlights a clear revival of the work tied to the wallets associated with Jane Street. Within two hours, these wallets received a combined 205.36 BTC, worth approximately $15.08 million at the time. The income comes from two major social networks, BitMEX again LMAX Digital.
Transaction breakdown shows a compound pattern. A 150 BTC transfer worth approximately $11.01 million was moved to the BitMEX hot wallet, followed by 55.33 BTC worth approximately $4.06 million from LMAX Digital. Additional small transfers of 0.02 BTC and 0.01 BTC were also recorded from wallets linked by BitMEX. All funds were directed to a One receiving fund linked to the firm.
The timing and combination of these activities indicates intentionality. The movement from hot wallets to a joint address usually reflects the position of the institution, such as liquidity setup or internal rebalancing. The rapid succession and scale reinforces the idea that this was a coordinated operation, indicating that Jane Street is once again fully engaged with the Bitcoin market.
Jane Street and the Terra/LUNA Collapse, Allegations
The updated work comes as Jane Street remains under surveillance for a suspected role in the collapse of Terra/LUNA in May 2022, one of the most notable failures in the history of the crypto market. Terra ecosystem, developed by Terraform Labsit revolved around two key tokens: UST, an algorithmic stablecoin designed to maintain the $1 peg, and LUNA, which held volatility to support that peg.
In early May 2022, the major withdrawal of the Anchor Protocol, under which UST deposits received high yields, began to destabilize the system. As UST fell below $1, rising LUNA prices were made to stabilize it, which quickly diluted the value of LUNA. Within days, UST fell below its peg, and LUNA plummeted from over $80 to nearly zero, wiping tens of billions off its market value.
Legal documents allege that Jane Street bought LUNA at a significant discount—about $0.40 per token—before the collapse, with terms that allowed for a conversion or lucrative sale. With the market volatile, the company is said to have sold some of its assets while prices were still above acquisition costs, potentially netting a profit of around $1 billion. Jane Street denies wrongdoing, saying its actions were normal market-making and trading activities, not internal work.
The dispute continues to influence discussions about institutional behavior in crypto markets. Any renewed activity, such as the recent Bitcoin entry by Jane Street, draws scrutiny from analysts and investors alike, highlighting the power to move the major players in the market.
The featured image was created with Dall.E, a chart from Tradingview.com
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