Kraken redeemed 50,600 ETH from EigenCloud 11 hours ago, equivalent to $107 million.

BlockBeats News, May 26th, according to on-chain analyst Yu Jin, the trading platform Kraken redeemed 50,600 ETH from the staking project EigenCloud 11 hours ago, equivalent to $107 million.

The total TVL of the staking track has dropped from $31 billion in August last year to $11 billion, with the leading project EigenCloud (formerly Eigenlayer) seeing its TVL decrease from $22 billion to $5.5 billion.