According to PolynomialFi on Twitter, weETH has been integrated as a supported multicollateral asset for trading on their platform. Traders can now deposit weETH to earn high annual percentage rates (APR), receive 4x ethefi points, and also earn OP tokens as additional rewards. This move enhances weETH liquidity and utility, offering new yield opportunities for crypto traders and potentially increasing demand for both weETH and OP tokens within the decentralized finance ecosystem (Source: PolynomialFi Twitter, June 2, 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

According to @ai_9684xtpa, whale vladilena.eth redeemed Pendle's December 26th maturing weETH PT and YT early, converting them into 5000 ETH valued at $12.24 million. The ETH was then deposited into Binance, likely for selling. Earlier today, ETH briefly dropped below $2400 but has since rebounded above $2400, with a 24-hour decline of 9.29%. This move could indicate a lack of confidence in the market as ETH experiences significant volatility.

According to @ai_9684xtpa, a trader known as shnuggly.eth sold 2100 stETH and 2401 weETH in the past four hours to acquire 267.48 WBTC worth $16.4 million. Since April 24, this trader has accumulated 466 WBTC at an average price of $64,440, totaling $29.74 million. A recent market drop has increased their unrealized loss to $1.52 million.