The Ethereum community is excited as the Shanghai upgrade is set to begin unlocking over 17M ETH tokens from April 12. Read more on CE.
- Shanghai upgrade is set to unlock 17 million ETH tokens from April 12.
- The withdrawal process is dynamic depending on the number of exiting validators.
- ETH price has remained relatively stable at $1,804 over the past week.
The Ethereum community is excited as the Shanghai upgrade is set to begin unlocking 17,000,000 ETH tokens from April 12, 2023. A crypto influencer on Twitter argued that while the long-term effects of this upgrade are favorable for the crypto market, there may be short-term negative impacts.
“It should get very interesting as people anticipate the outcome of such a big unlock,” the influencer that goes by the name Crypto Tony wrote, hinting at a possible massive dump on the market.