July 7, 2026·Bullish·onchain activity

25,000 ETH Swapped to stETH in ETF Rebalancing Move

A wallet swapped 25,000 ETH for stETH and deposited the tokens into Lido, bypassing direct exchange routing. The transaction suggests custodial consolidation likely in preparation for an ETF rebalancing.

Detected & updated continuously · Source: Ruma

Mentioned

Lido Staked Ether (steth)

Sources

@icefrog_sol

A wallet just swapped 25,000 $ETH to stETH and deposited to #Lido. No exchange routing direct mint and deposit. Looks like custodial consolidation ahead of ETF rebalancing 🟢 https://t.co/KVgdNU8AK4