Coin Edition -
- Ethereum staking hits 30M ETH, bolstering network security and reducing circulating supply.
- Restacking narratives are boosted with a $707M staking category on CoinGecko.
- Despite trading below the peak, Ethereum sees a 6.69% price uptick post-staking milestone.
According to a crypto sleuth, Token Unlocks, the Ethereum ecosystem is witnessing a significant event. About 30,000 ETH worth over $70 million is scheduled to be unlocked from staking in five hours. This event highlights the staggering growth of Ethereum’s staking mechanism, with just over 25% of the entire Ethereum supply, equivalent to approximately 30 million coins, now staked for network security.