Ethereum Staking Rewards and Prices Plunge Amid Market Turmoil.
TL;DR
Nearly 80% of the Ethereum staking rewards have been withdrawn since the Shanghai upgrade, with 1.5 million ETH ($2.8 billion) withdrawn since April 12, 2023. Only about one-third of the withdrawals involved the complete exit of the 32 ETH stack, while the other two-thirds involved only the exit of the staking rewards. The majority of the rewards accumulated prior to the hard fork have already been withdrawn, and any extraordinary selling pressure coming into the market should already be almost entirely exhausted.
- 80% Of Ethereum Staking Rewards Withdrawn: Research Firm Bitcoinist
- Ether Erases All Gains From Shanghai Rally as Bitcoin, Other Crypto Prices Also Fall CoinDesk
- One Exchange Could Be Pushing Whole Market Down, Here's Which One U.Today
- 13,834 ETH Worth $26M Was Just Burned Benzinga
- Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking CoinDesk
Want the full story? Read the original reporting
Read on Bitcoinist