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TechFlow reports, on August 9, Dune data showed that since June 12, Coinbase's Ethereum staking token cbETH has experienced massive redemptions, with supply decreasing from 1.46 million to below 700,000, currently standing at only 657,000, a more than 50% decline month-on-month.
According to Dune data, since June 12, Coinbase's Ethereum staking token cbETH has experienced massive redemptions, with supply dropping from 1.46 million to below 700,000, currently standing at only 657,000, a more than 50% decline month-on-month.
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