π¨ #Lido : stETH Withdrawal Queue Hits All-Time High
π Over 235,000
$stETH (β $830M) is currently pending withdrawal via Lido β marking a new all-time high (excluding the initial launch period in 2023).
π‘ What it means:
β π§ A growing queue signals increasing liquidity pressure
β πͺ This could impact the stETH to
$ETH peg, especially on secondary markets
β β Potential drivers: capital rotation, profit-taking, or waning confidence in the protocol
π Key concern: If outflows continue, Lido may face a drop in TVL and mounting pressure on DAO governance
π§΅ Is this just routine withdrawal activity β or the beginning of an exodus from the LSD sector?
Join us Β
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