Concerns about "massive" ETH unstaking fade away!
Hi HODLers an Hiveans,
As the Ethereum network is slowly adapting to the possibility for its stakers to withdraw their ETH from the network, Nansen published some numbers:
The gross deposits have hit $198.7 million, or 94,800 ETH, over the past 24hrs.
That is quite a higher number that I expected. Nevertheless, there are more than 874,000 ETH still waiting to exit the network.
If we keep seeing so many investors willing to stake more ETH, the withdrawal process might even be faster than expected.
Who has been depositing these ETH?
"Top deposits so far have come from a few entities. Lido, OKX, Kiln.fi, Frax,"
"However, most notably from this wallet that we have labeled as 'P2p ETH2 Depositor.' [They] Deposited 50,000 ETH."
Would be pretty neat to be able to drop 50,000 ETH :D.
Withdrawals and Deposits
We can clearly see the trend with more deposits kicking in while the pace of withdrawals is slowly reducing.
Great time to be an Ethereum Maxi I guess. Smooth upgrade and good following price action.
Stay safe out there,
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