TechFlow reports that on August 16, according to monitoring by @ai_9684xtpa, asset management firm Metalpha submitted a request to withdraw 10,000 ETH from Lido within the past 40 minutes, worth approximately $25.72 million.
Since August, the company has cumulatively withdrawn 20,000 ETH from Lido. Of the previous withdrawal of 10,000 ETH, 6,895 ETH—worth about $17.57 million—have been deposited into Binance over the past two days, leading to market speculation that these tokens may have already been sold.
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