Breaking: $70 Million Worth of Ethereum Unleashed from Staking – How Will It Shape the Market?
ETH
TOKEN
2024
TOKEN
MM
- Ethereum staking hits 30M ETH, bolstering network security and reducing circulating supply.
- Restacking narratives are boosted with a $707M staking category on CoinGecko.
- Despite trading below the peak, Ethereum sees a 6.69% price uptick post-staking milestone.
According to a crypto sleuth, Token Unlocks, the Ethereum ecosystem is witnessing a significant event. About 30,000 ETH worth over $70 million is scheduled to be unlocked from staking in five hours. This event highlights the staggering growth of Ethereum’s staking mechanism, with just over 25% of the entire Ethereum supply, equivalent to approximately 30 million coins, now staked for network security.
— Token Unlocks (@Token_Unlocks) February 12, 2024
#Ethereum Unlocks Alert
In just 5 hours, a massive ~30,000 $ETH valued over $70 million will be unlocked from staking
Don't miss out any #ETH unlocks onhttps://t.co/SF9adXUyaE
Who's making this massive withdrawal?
Share your guesses in the comments below; pic.twitter.com/GkaFBuNbdf
Over the last 24 hours, Ethereum’s price has decreased by 1.42% and is currently valued at $2,481.19. According to Lido’s previous reports, one of the leading liquid s…
The post Breaking: $70 Million Worth of Ethereum Unleashed from Staking – How Will It Shape the Market? appeared first on Coin Edition.
