@mblumek
# 🚨 ANON, DON'T GET REKT BY THIS FUD! 🚨
The ETH unstaking queue just pumped to a whopping 2.5M ETH worth $11.3B!
$ETH TO ZERO CONFIRMED! 📉💀
**THE REAL STORY:**
Kiln - one of the biggest institutional staking chads - started an "orderly exit" of ALL their ETH validators on September 10th.
This is their response to getting absolutely REKT in the Solana ecosystem where SwissBorg's staking wallet got drained for ~$40M in stSOL on Sept 8th. The exploit might be connected to Kiln's API getting compromised.
**TL;DR:** Most (if not all) of this ETH is getting restaked under new validators once they fix their shit. No actual sell pressure, just moving houses.
This screenshot is making rounds in Polish crypto groups and honestly - there's NO REASON TO PANIC. Diamond hands only! 💎🙌
Stop being paper handed and DYOR before you get rekt by FUD.
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#ETH #Ethereum #Staking #FUD #CryptoNews #DiamondHands #WAGMI #DeFi #Kiln #DYOR #CryptoTwitter #ETH2 #StakingRewards #Solana #SwissBorg
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