Data: Asset management company Metalpha applied to Lido to redeem 10,000 ETH.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, asset management company Metalpha has applied to redeem 10,000 ETH from Lido in the past 40 minutes, worth 25.72 million USD.

Since August, the institution has cumulatively redeemed 20,000 ETH from Lido, of which 6,895 ETH from the last redemption of 10,000 ETH has been recharged into Binance in the past two days, worth 17.57 million USD, suspected to be sold.