[Kraken Redeems 50.6K ETH, Restaking Narrative Bubble Deflates Rapidly] 11 hours ago, exchange Kraken redeemed 50.6K ETH ($107M) from the restaking project @eigencloud. https://intel.(arkm.com)/explorer/address/0xA33dfDF390f20亿8Df69eB4228e366E4d087d6F639 The restaking narrative 'bubble' popped way too fast. The total TVL in this sector was $31B last August, but now it’s down to just $11B. Even EigenCloud (formerly known as Eigenlayer), the leader in restaking, has seen its TVL drop from $22B to $5.5B. -------------------------------------------------------------------------- Bitget is here, and it’s VIP all the way! Crypto, US stocks, CFDs—get ahead globally with one-stop access.