Over the past 24 hours, it has repeatedly transferred batches of 811.206 wstETH (roughly $2.3 million per transaction) to Lido’s unstETH contract. This pattern has occurred dozens of times, bringing the total unstaked amount to დაახლოებით $48.9 million.

The activity suggests a conversion sequence from wstETH → stETH# → ETH, sparking speculation that this ETH could soon become sell-side pressure in the market.