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Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode

Published 04/12/2023, 12:57 AM
Updated 04/12/2023, 02:40 AM
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Just 170,000 Ether (ETH) of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted.

The figure comprises 100,000 Ether ($190 million) worth of staking rewards and 70,000 ETH worth of staked Ether ($133 million), the on-chain intelligence platform predicted in its April 11 report.

The types of organizations, size, age and profitability of each of the 253 exiting Ethereum validators. Source: Glassnode
Approximately 11.2% of the Ether staked on the Beacon Chain is operated by Kraken’s staking service. Source: Glassnode

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