Ethereum Staking Increases but Will ETH Flood Markets After the Merge?
The number of Ethereum (ETH) staked on the Beacon Chain has reached its highest-ever levels, but some observers are growing concerned over a larger sell-off after the merge.
The amount staked ETH in the Beacon Chain Smart contrast has reached 12.76 million according to Glass node. It reported that 398,000 unique validators have staked and an additional 19,800 staked and came online in May.
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Glassnode also claims that the number of staked ETH is 10.73% of the circulating supply. At present prices, the value of those locked up assets is around $23.3 billion.
Whichever way, the spike in staking and confirmation is a note of confidence for the Ethereum community in a bear m...