Ethereum Foundation Unstakes $48.9M Worth of ETH via Lido

ETH-0.62%

Gate News message, April 26 — The Ethereum Foundation unstaked approximately $48.9 million worth of ETH 24 hours ago (April 25), according to Arkham's on-chain monitoring. The foundation deposited wstETH into Lido's unstETH contract as part of the unstaking process.

Once the unlock process completes, the foundation will receive the corresponding unstaked ETH.

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