🚨 KRAKEN JUST WITHDREW 50,600 ETH ($107M) FROM EIGENCLOUD 👀🔥

Only 11 hours ago, Kraken redeemed a massive amount of ETH from the restaking giant EigenCloud (formerly EigenLayer) ⚡

🐋 Wallet: 0xA33dfDF390f2B8Df69eB4228e366E4d087d6F639

The entire restaking narrative appears to be cooling down FAST 📉

📊 Total restaking TVL: • August peak → $31B

• Now → around $11B 😳

Meanwhile, EigenCloud itself collapsed from: 🔥 $22B TVL peak

➡️ to just $5.5B today

Smart money may be rotating out as hype around restaking weakens across the market 👀

The question now: Is this just a cooldown… or the beginning of a larger unwind? ⚠️

#ETH #Ethereum #EigenLayer $ETH

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