TechFlow reports that on August 15, according to monitoring by @ai_9684xtpa, Lido's Ethereum staking has seen net outflows for 12 consecutive days since the beginning of this month, totaling 74,304 ETH worth approximately $194 million. Particularly on August 12, the single-day net outflow reached 31,104 ETH, accounting for 42% of the total outflow over the 12 days. Although data showed slight recovery on August 13 and 14, overall market sentiment remains cautious.
Large-scale redemptions typically indicate investors are willing to forgo staking yields in pursuit of higher returns or risk mitigation. Against the backdrop of cooling restaking enthusiasm and a sluggish broader market, recent redemptions appear more risk-averse. Since August, Jump Trading redeemed 62,609 ETH (worth $177 million) from Lido and transferred over $400 million worth of ETH to Coinbase, contributing to ETH’s largest price drop since 2021 on August 5. Meanwhile, ETH bull Justin Sun redeemed 13,691.5 ETH worth $31.76 million on the same day of the market plunge.
