Celsius and Figment Spearhead $1.6B Ethereum Stake Redemptions

Record $1.6B Staked Ethereum Redemptions Signal Industry Shift

Last week saw a record-breaking amount of staked Ethereum redeemed, with over 650,000 units valued at approximately $1.6 billion being withdrawn. This surge in redemptions marks the largest amount redeemed since the completion of the Shanghai Upgrade last year. Despite the substantial withdrawals, Ethereum’s price remained largely unaffected, experiencing a 12% increase during the same period.