Over 111,000 ETH Worth $538 Million Unstaked from Eigenlayer and Moved to Exchanges
Matrixport has reallocated assets by selling ETH and acquiring over 2,300 BTC, valued at $272 million, in rapid transactions tracked through Binance and OKX withdrawals.
BTC
ETH
EIGEN
Summary
Matrixport-linked wallets shifted holdings by selling Ethereum and acquiring 2,354.6 Bitcoin worth $272 million within two hours, according to Lookonchain monitoring. The transactions were carried out via Binance and OKX withdrawals, reflecting a notable reallocation of digital assets. This follows earlier large-scale ETH movements from Eigenlayer to centralized exchanges, highlighting Matrixport’s significant role in shaping liquidity flows across crypto markets.
Terms & Concepts
- ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, widely used for transactions, staking, and decentralized applications.
- Eigenlayer: A restaking protocol on Ethereum that allows users to reuse staked ETH to secure additional services.
- Unstaking: The process of withdrawing staked cryptocurrency from a protocol, making it transferable or tradable again.