The withdrawal of Ethereum has entered their third “round”, but Ether ETH ($1,825) deposits are almost identical, according to data from the Nansen research platform.
Ethereum withdrawals began to increase for the third time on April 24 and April 25. According to Nansen, crypto exchange Kraken is responsible for a large part of these withdrawals.
“Around” refers to the number of days it takes to process refunds and payments. Nansen said it takes less than four and a half days now.
The last big reward on April 24 was a total of 61,608 ETH in rewards. However, at the same time, there were 63,009 ETH deposits, Nansen reported.
This did not result in any change in the balance of ETH deposited in the last 24 hours. In February, Kraken was forced to shut down its Ethereum staking service following legal action and fines from the US Securities and Exchange Commission, which accused it of trading unregistered securities. .
As a result, a large part of the ETH withdrawn from the initial capital came from the Kraken wallet, returning the assets to the clients. According to Nansen, 2.3% of the total ETH withdrawal will remain in Kraken.
Nansen currently reports that there is a total of 632,651 ETH waiting in the political waiting queue. At current prices, that’s worth $1.16 billion.
Before the launch of the latest release, Nansen reported a high in the total amount of ETH. The number reached 18,796,663 ETH worth around $34.5 billion on April 24.
The current figure, slightly lower than this figure, represents 14.5% of the total Ether. As a result of the EIP-1559 lighting system, the total supply has decreased by 114,077 ETH (about $209 million) since the merger in September.
Concerns about a massive exodus from Ethereum staked following Shapella’s promotion have been dispelled. Token Unlocks reports that a total of 1.66 million ETH has been withdrawn since April 12, but 1.07 million ETH has been saved, indicating that there is still appetite for Ether staking.
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