PANews reported on August 16 that according to @ai_9684xtpa monitoring, asset management company Metalpha applied to Lido to redeem 10,000 ETH in the past 40 minutes, worth about $25.72 million. Since August, the institution has redeemed a total of 20,000 ETH from Lido. Among them, 6,895 of the last 10,000 ETH redeemed have been deposited into Binance in the past two days, worth about $17.57 million, and are suspected to have been sold.