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The Daily Hodl
2023-03-03 15:30:50

$17,200,000,000 in Staked Ethereum Is Now Underwater – Here’s the Price Implication After Upgrade: CryptoQuant

$17,200,000,000 in Staked Ethereum Is Now Underwater – Here’s the Price Implication After Upgrade: CryptoQuant

On-chain analytics platform CryptoQuant is revealing the likely impact of the upcoming Shanghai upgrade on the price of smart contract blockchain Ethereum (ETH). According to CryptoQuant, the selling pressure for the second-largest digital asset will be low after this month’s Shanghai upgrade. The update will allow validators to withdraw ETH from Ethereum’s proof-of-stake blockchain for The post $17,200,000,000 in Staked Ethereum Is Now Underwater – Here’s the Price Implication After Upgrade: CryptoQuant appeared first on The Daily Hodl .

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