{"id":582333,"date":"2023-05-18T16:14:08","date_gmt":"2023-05-18T15:14:08","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=582333"},"modified":"2023-05-18T17:09:20","modified_gmt":"2023-05-18T16:09:20","slug":"2-million-eth-staked-may-so-far-new-ath","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/2-million-eth-staked-may-so-far-new-ath\/","title":{"rendered":"2 Million ETH Staked In May So Far, New ATH\ufffc"},"content":{"rendered":"\n
Summary: <\/p>\n\n\n\n
Over 2 million Ether (ETH), the native asset on the Ethereum blockchain, has been staked on the network’s beacon chain so far this May 2023.<\/p>\n\n\n\n
This number of tokens locked up this month signals a new all-time high for staked ETH (stETH), per Dune analytics data. <\/p>\n\n\n\n
The uptick in depositors has continued since the Shapella upgrade enabled withdrawals. Despite fears that over 18 million of unlocked coins would subject ETH to significant selling pressure, deposits have eclipsed withdrawals and rendered falling price concerns a \u201cnon-event\u201d.<\/p>\n\n\n\n
Nansen data showed that the majority of unstakers or withdrawals have been exchanges like Kraken and not users. Notably, Kraken\u2019s massive unlock was earmarked for internal operations at the crypto exchange as against speculations that the platform planned to dump its staked holdings after the unlock.<\/p>\n\n\n\n