Jump Crypto has significantly increased its holdings of HYPE tokens, withdrawing approximately 160,000 HYPE (valued at $4.65 million) from exchanges in the past 24 hours. This move raises Jump Crypto's total HYPE holdings to around 500,000 tokens, worth approximately $14.6 million. This accumulation meets the threshold for the highest market-making fee discount in the Hyperliquid ecosystem, which requires 500,000 HYPE for a 40% discount. This development suggests that Jump Crypto is likely preparing to commence market-making activities on Hyperliquid.