Ethereum defied the odds again.

With the latest Shapella upgrade executed, developers have again demonstrated that it’s possible to swap out key parts of a $252 billion rocket mid-flight. The last time they pulled off such a feat was last September with “the merge.”

Unfortunately, the same can’t necessarily be said for the 18.5% of Ethereum network validators that don’t have the correct validator credentials.

Per data drawn from Nansen analytics, 106,219 validators holding 284,286 Ethereum on the network have yet to hear the good Shapella word.

This also means $596 million at today’s prices, won’t be able to pull any of their money out of the system.

Well, not unless they update their credentials.

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