Data released by 21.co on-chain data and research analyst Tom Wan showed that last week saw the largest-scale ETH redemption since the Shanghai upgrade, with 656,200 ETH (approximately $1.6 billion) being redeemed, with 85% of redemptions led by Figment and Celsius.
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About US$1.6 billion of pledged ETH was redeemed last week, the largest amount since Shanghai’s upgrade
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