Shanghai Upgrade Spurs ETH Selling and Re-Staking Frenzy
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Shanghai Upgrade Spurs ETH Selling and Re-Staking Frenzy

1m
1yr ago

Recent Ethereum network upgrade in Shanghai led to a surge in ETH withdrawals and re-stakings. Lookonchain's data sheds light on the top addresses' activities.

Shanghai Upgrade Spurs ETH Selling and Re-Staking Frenzy

SNEAK PEEK

  • Ethereum’s Shanghai upgrade led to a surge in ETH withdrawals and re-stakings.
  • Address “0x08De” withdrew 50,956 ETH and transferred 45,000 ETH elsewhere.
  • Many withdrawn ETH was sold rather than staked, according to Lookonchain’s analysis.

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