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Biggest ‘stETH’ Pool Almost Empty, Complicating Exit for Would-Be Sellers

A trading pool that large institutional investors such as Alameda Research and Three Arrows Capital have used to dump their “stETH” tokens is now nearly drained and heavily imbalanced, potentially trapping retail investors as well as the embattled crypto lender Celsius.

The staked ether trading pool on Curve is quickly depleting after large holders used it as an escape route. (Flickr, modified by CoinDesk)
The staked ether trading pool on Curve is quickly depleting after large holders used it as an escape route. (Flickr, modified by CoinDesk)