There have been a total of 1.03 million ETH withdrawn from 473,7000 withdrawal requests, with the greatest single day being Saturday, April 15.
- There have been a total of 1.03 million ETH withdrawn from 473,7000 withdrawal requests.
- Post the Shapella upgrade price of ETH has surpassed the $2100 mark.
There have been a total of 1.03 million ETH withdrawn from 473,7000 withdrawal requests, with the greatest single day being Saturday, April 15 with 392,800 ETH withdrawn. Nearly 87%, or 469,000 out of 540,000 active validators, may now withdraw their staked Ether.
Bulls Drive the Price
The on-chain analytics company Nansen somewhat overestimated the number of Ether that will be removed from the Shapella platform in the first few days, estimating 1.4 million.
Confirming the same, just over a million ETH have been removed from the Beacon Chain since the Shapella update on April 12, according to the Token Unlocks dashboard.
A total of $370,000 was deposited at this time, hence the staking balance did not fall by $1M during this time. According to Token Unlocks, the current staking balance has decreased by 640,000 ETH as a result. The return of unstaked ETH to liquid staking platforms like Lido indicates this.