Lido staked ether selloff continues as larger holder unloads 56,000 stETH
Lido's staked ether (stETH) is now almost 7% cheaper than the price of ether (ETH) due to continued selling pressure from whale holders. The post Lido staked ether selloff continues as larger holder unloads 56,000 stETH appeared first on The Block.
Timeline of Steth
Breaking: Three Arrows Capital Dumps $33 Mln Staked Ethereum (stETH) - Coingape
Venture capital firm Three Arrows on Tuesday swapped about $33 million worth of Lido Staked Ethereum (stETH) for Ethereum on DeFi platform Curve. The move comes as stETH prices diverge further from ETH prices in secondary markets, pressuring traders using the DeFi token as collateral.
All You Need To Know About stETH, Crypto's Next Big Threat - Coingape
In the wake of Lido staked Ethereum depeg from Ethereum, fears of a repeat of last month's market crash are around. The Staked ETH situation has so far resulted in Ethereum dropping 7.56% in the last 24 hours.
Here's Lidos (stETH) Plan of Action to Avoid Crash! - CoinPedia
In the previous 24 hours, the price of Ethereum, the second largest cryptocurrency, has plummeted by 8%, with Lido's staked ETH (stETH) token price following suit and causing panic in the cryptocurrency market.
