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Whales Started Removing Ethereum (ETH) Holdings, stETH-ETH Depegs

1 min read Original Link

According to PeckShieldAlert, a whale has removed 84K Ethereum (ETH) worth almost $103 million from Lido: Curve Liquidity Farming Pool Contract. It caused the stETH/ETH exchange rate to fall from 0.985 to 0.975. A significant depeg between staked Ethereum and Ethereum can be worse for the crypto market.

(By Varinder Singh)

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