Golden Finance reported that data released by Tom Wan, an on-chain data and research analyst at 21.co, showed that last week was the largest redemption of pledged ETH since the Shanghai upgrade, with 656,200 ETH (about US$1.6 billion) being redeemed in full, and 85% of the redemption was contributed by Figment and Celsius.
Data: About $1.6 billion of pledged ETH was redeemed last week, the largest amount since the Shanghai upgrade
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