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by: xpoolPosted on: August 17, 2025

Whale Sells stETH for Discount to Bypass Ethereum Redemption Queue

A large Ethereum whale operating through address 0x2aC9 recently incurred a significant loss of $50,500 by selling approximately 4,242.4 stETH tokens at a discount due to congested redemption queues. This action aimed to expedite the withdrawal process for nearly 900,000 ETH currently waiting for redemption.

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Ethereum Redemption Queue stETH

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