The Significance of HTX Recovery Hot Wallet’s ETH Unstaking in DeFi
The recent chatter in the cryptocurrency space is centered on the HTX Recovery Hot Wallet’s notable ETH unstaking activities. In a meticulously executed move, the wallet unstaked a substantial 20,000 ETH (approximately $76.57 million) from Lido, a well-known liquid staking platform. Despite the relocation of 20,000 ETH, the wallet still holds a considerable 40,283 ETH on Lido, suggesting potential future transactions. Such sizable transactions, like HTX’s ETH unstaking, send ripples through the market, impacting market sentiment and liquidity.