• More than 70% of stakers suffered losses since they locked their ETH on the network.
• In the last 24 hours, Ethereum recorded a net staking inflow of more than 82,000.

The successful launch of the Shapella Upgrade was an important milestone in the growth trajectory of Ethereum [ETH], as it closed the loop on some of the key aspects of the proof-of-stake (PoS) transition that couldn’t make it to the Merge last year.

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

With FUD surrounding staking coming to an end, investors appeared to be more comfortable staking their ETH. As per Nansen dashboard, after the initial burst in withdrawals, deposits on the largest PoS blockchain started to increase sharply.

In the last 24 hours, Ethereum recorded a net staking inflow of more than 82,000.

Will ETH’s fall affect staking?

The price action of ETH, which resulted in gains of 3.15% over the past month, was a significant factor in boosting interest in staking. A rise in price means higher rewards can be earned on the staked value in the future.

However, the recent drop in ETH’s price had the potential to reverse this trend, as indicated by a researcher from
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Author: Suzuki Shillsalot

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