– The Shapella update triggered the withdrawal of thousands of ETH worth millions of dollars.

-Despite concerns about market impact, Ethereum investors remained optimistic as the price defied predictions and stayed above $2,000.

The recent Ethereum [ETH] Shapella update brought about the long-awaited unlocking of staked ETH. This development was met with mixed predictions from various quarters. While some analysts foresaw a decline in ETH’s market value, it triggered a return to the previously established price range.

Read the Ethereum’s [ETH] Price Prediction 2023-24

As the unlocking of staked ETH gradually gained momentum, it begs the question of how stakers have responded to it. Also, what is the volume of stakes that have been withdrawn thus far?

Ethereum stake reduces after unlock

More than 30 hours have lapsed since the implementation of the Shapella update, and it has been met with significant traction. According to Etherscan’s latest data, stakers have withdrawn thousands of ETH worth millions of dollars. As of this writing, close to 150,000 withdrawals of over 270,000 ETH was recorded.

Further insights from Token Unlocks revealed that most withdrawals were reward withdrawals

Go to Source to See Full Article
Author: Suzuki Shillsalot

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details