The "staking army" is crashing the market, and over $538 million worth of ETH has been withdrawn from staking and deposited into CEX

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On August 23, according to EmberCN monitoring, 111,456 ETH (worth US$538 million) was withdrawn from staking on Eigenlayer in the past 20 hours, then transferred to Matrixport in the past 3 hours, and then transferred from Matrixport to Binance and OKX in the last hour.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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