According to on-chain analyst Ember (@EmberCN), 11 hours ago, the exchange Kraken redeemed 50,600 ETH from the restaking protocol EigenCloud, valued at approximately $107 million. Data shows that the total value locked in the restaking sector has declined from around $31 billion in August last year to approximately $11 billion currently; EigenCloud’s total value locked has also dropped from about $22 billion to around $5.5 billion.
Kraken Redeems 50,600 ETH Worth $107M from EigenLayer
TechFlowShare
Summary
Kraken redeemed 50,600 ETH (worth approximately $107 million) from EigenCloud 11 hours ago, according to ETH analysis from TechFlow. The restaking sector’s TVL has declined from $31 billion in August 2025 to $11 billion today, with EigenCloud’s TVL falling from $22 billion to $5.5 billion. ETH price movements remain under close watch as major players adjust their positions.
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