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List of Flash News about liquid staking tokens

Time Details
2025-05-21
09:19
Abraxas Capital Withdraws 270,000 ETH: Major Signal for Ethereum DeFi and Liquid Staking Tokens in 2025

According to @PANewsCN, London-based traditional asset manager Abraxas Capital withdrew 270,000 ETH (valued at $700 million) from crypto exchanges within a single week, indicating a substantial investment shift into Ethereum’s DeFi ecosystem, especially towards liquid staking tokens such as wstETH and weETH. This large-scale withdrawal reduces potential exchange sell pressure on Ethereum, potentially supporting bullish sentiment for ETH price action. Traders should note the growing institutional interest in liquid staking products, which could drive liquidity and trading volumes in related DeFi protocols. Source: @PANewsCN

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