Ethereum Investors Withdraw $2.5B in ETH From Lido Since March

IconCrypto News Terminal23 Apr, 2024

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Ethereum Investors Withdraw $2.5B in ETH From Lido Since March

**Ethereum Investors Withdraw $2.5 Billion in ETH From Lido Since March** According to data from DeFiLlama, Ethereum investors have withdrawn a significant amount of ETH from Lido since March 1st. Over 800,000 ETH (worth approximately $2.5 billion) has been withdrawn in that time frame. As a result, Lido's staking share has decreased from around 32% in November 2023 to its current level of 28%, the lowest in two years. The reasons for this large withdrawal are not entirely clear, but some analysts believe that it may be due to concerns over the upcoming Shanghai upgrade. This upgrade is expected to allow staked ETH to be withdrawn, which could lead to a sell-off of ETH by investors who are looking to take profits. **Previously on April 23rd, 2024:** * Ethereum investors have withdrawn 800,000 ETH (worth around $2.5 billion) from Lido (LDO) since March 1. * Lido's staking share has dropped from around 32% in November last year to its current level of 28%, the lowest in two years.

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