Withdrawal of more than 1 million ETH after Shanghai upgrade

Since the upgrade in Shanghai on April 17, the total amount of Ethereum withdrawals has exceeded 1 million, and 368,000 tokens have been deposited. Currently, the number of Ethereum coins to be withdrawn is 892,000. Law enforcement actions on Kraken and Huobi exchange shareholders are the main source of withdrawals, but it should be noted that Lido has not yet opened withdrawals.

1 million ETH has been withdrawn since the Ethereum Shanghai hard fork

Since the Ethereum Shanghai hard fork, more than 1 million ETH has been withdrawn. On April 13, the Shanghai hard fork, which is part of the Shapella upgrade package, went live at block height 6209536. For the first time since Beacon Chain deposits began in late 2020, it allows Ethereum stakers to withdraw their staked ETH.

Data from token.unlocks shows that 1.02 million ETH has been fully withdrawn. Since the upgrade was successfully implemented, 373,040 ETH has been deposited, with a net ETH stake of -646,210.

The amount of ETH withdrawn per hour tends to decrease | Source: token.unlocks

About 15% of the total ETH supply is still deposited (excluding staking rewards). This figure is equivalent to 17.3 million ETH, or $36.1 billion.

After hitting $3 billion yesterday, total ETH pending withdrawals (including rewards) are now worth almost $2 billion. 877,880 ETH worth $1.84 billion is currently awaiting withdrawal.

Over the next 11 hours, $62.65 million is expected to be withdrawn, bringing the average daily withdrawal amount to $125.23 million.

ETH price increases while APR staking decreases | Source: token.unlocks

The price of Ether is near $2,100, and the mortgage APR is currently below 5%.

board pass

according to Kyptos

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