Approximately $1.6 Billion USD of Staked ETH Redeemed Last Week, Marking the Largest Scale Since the Shanghai Upgrade
On January 16th, data released by 21.co's on-chain data and research analyst, Tom Wan, revealed that last week witnessed the largest scale of ETH redemption since the Shanghai upgrade. A total of 656,200 ETH (approximately $1.6 billion USD) was completely redeemed, with Figment and Celsius leading 85% of the redemptions.
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