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Kraken Redeems 50,600 ETH from EigenCloud Worth $107 Million

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Kraken redeemed 50,600 ETH from EigenLayer, valued at approximately $107 million, 11 hours ago. This move occurs as ETH prices remain under pressure. Total TVL in the restaking sector has declined from $31 billion in August 2025 to $11 billion today. ETH analysis indicates continued volatility in the space.

ChainThink reports, according to Yujin monitoring, Kraken redeemed 50,600 ETH from the restaking protocol EigenCloud 11 hours ago, valued at approximately $107 million.

The total TVL in the restaking sector has decreased from $31 billion in August last year to $11 billion currently.

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