Lido Staked Ethereum (stETH), a DeFi Ethereum derivative, has significantly diverged in the last 48 hours. The coin, which is intended to be pegged to ETH 1:1, is currently trading at $1,473 and has dropped by 7% in the last 24 hours. ETH, on the other hand, is currently trading at $1,536.
Since late Thursday, stETH has been depegging, with the first wave of losses originating from a major $1.5 billion dump by Alameda Capital, one of the top stETH holdings. Reportedly, Alameda has disposed of all of its token holdings.
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Source: https://coinpedia.org/ethereum/top-reason-why-ethereum-price-might-crash-heavily-in-coming-week/