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In this wave of $ETH unpledge, some institutions have already received the ETH queued for redemption, and it depends on how they plan to deal with it in the future
—— Suspected address attributable to Anchorage Digital 0xBE8... 3b15b received 8,052 ETH redeemed by Lido 11 hours ago, worth $30.25 million; The 7,575.98 ETH was proposed and pledged from Coinbase on 2023.08, when the coin price was only $1,672.79, and in addition to Lido staking income, there was also $15.79 million in earnings 💰 from the increase in currency prices in two years
Wallet address
This article was published by #Gate Gate Exchange | @Gateio_zh Sponsorship


23.7.2025
I just saw a tweet from Mr. Chen Jian @jason_chen998, discussing a large number of $ETH queuing up to unstake, and refreshed the webpage, and the number of ETH to be withdrawn has increased to nearly 620,000, including net redemptions of 271,000 🥹
After looking at the on-chain data in the past week - two HTX wallets have redeemed a total of 110,000 coins, with a total value of more than $400 million; Other institutions such as Abraxas Capital Mgmt also have redemption operations of 10,000 ETH or more
Wallet address

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