{"id":388482,"date":"2023-04-26T07:22:13","date_gmt":"2023-04-26T07:22:13","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=388482"},"modified":"2023-04-26T07:22:13","modified_gmt":"2023-04-26T07:22:13","slug":"third-round-of-eth-withdrawals-sees-roughly-equal-amounts-of-deposits","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/third-round-of-eth-withdrawals-sees-roughly-equal-amounts-of-deposits","title":{"rendered":"Third Round of ETH Withdrawals Sees Roughly Equal Amounts of Deposits"},"content":{"rendered":"

According to data from the analytics platform Nansen, Ethereum staking withdrawals have entered their third round. Although the ticker for Ether (ETH) is down at $1,817, staking deposits have almost equaled it. <\/span><\/p>\n

Staked ETH Reaches All-Time High Before Recent Withdrawals: Nansen Report<\/span><\/h2>\n

Nansen reported<\/span><\/a> that the total amount of staked ETH reached an all-time high before the last wave of withdrawals began. On April 24, the figure hit 18,796,663 ETH, valued at around $34.5 billion. This represents 14.5% of the total Ether supply, although the current figure is slightly lower than the peak because of the EIP-1559 burning mechanism, which has caused a decline of 114,077 ETH (around $209 million) since the Merge in September.<\/span><\/p>\n

\n

Third round of principal withdrawals underway<\/p>\n

Again largely Kraken, bringing their total principal withdrawn to almost 400k<\/p>\n

Source: @nansen_ai<\/a> pic.twitter.com\/jVnnxnl5Jf<\/a><\/p>\n

— Martin (@themlpx) April 24, 2023<\/a><\/p><\/blockquote>\n