Breaking: $70 Million Worth of Ethereum Unleashed from Staking – How Will It Shape the Market?
Ethereum staking hits 30M ETH, bolstering network security and reducing circulating supply. Restacking narratives are boosted with a $707M staking category on CoinGecko. Despite trading below the peak, Ethereum sees a 6.69% price uptick post-staking milestone. According to a crypto sleuth, Token Unlocks, the Ethereum ecosystem is witnessing a significant event. About 30,000 ETH worth over $70 million is scheduled to be unlocked from s taking in five hours. This event highlights the staggering growth of Ethereum’s s taking mechanism, with just over 25% of the entire Ethereum supply, equivalent to approximately 30 million coins, now staked for network security. #Ethereum Unlocks Alert In just 5 hours, a massive ~30,000 $ETH valued over $70 million will be unlocked from staking Don't miss out any #ETH unlocks on https://t.co/SF9adXUyaE Who's making this massive withdrawal ? Share your guesses in the comments below ️ ; pic.twitter.com/GkaFBuNbdf...