bitcoin, ethereum, litecoin, btc, eth, ltc, ftx
In a dramatic turn of events, the Shapella hard fork on Ethereum's Beacon Chain has witnessed a massive exodus of over a million Ether, worth a whopping $2.1 billion, in just the first four days.
According to data from beaconcha.in, over a million $ETH withdrawals were made through 473,700 withdrawal requests, with April 15 recording the most significant withdrawal day, with 392,800 ETH withdrawn.
The price of #Ether has also skyrocketed to its highest in 11 months, surpassing $2,100. This development has divided opinions among the Ethereum community, with some attributing the surge to the increased stake withdrawals, while others believe it is a natural market trend.
#Markus Thielen, the head of research at the #digital asset platform Matrixport, suggested that the recent closure of Kraken's staking services may have played a role in the surge of #ETH withdrawals. Despite expecting the optimistic price trend to slow down due to the heightened selling pressure this week, Thielen remains optimistic that the Shapella hard fork will draw more institutional investors to stake in Ethereum.