Ethereum Swap? The Truth Behind Large Capital Layouts Exposed!

Recently, there has been rampant speculation in the community about an Ethereum swap, with some guessing that large capital is preparing to pump and dump. However, looking at the data, this seems more like conjecture. Global ETFs only hold 3.45 million ETH, accounting for 2.86% of the total supply, with over 99% held by American institutions. This may seem exaggerated, but in reality, it has minimal impact on the market.

More critically, under Ethereum's PoS mechanism, 34.19 million ETH are staked, accounting for 28.3%. Even if the price drops to rock bottom, the staking amount continues to rise steadily. Particularly, 16 million ETH have a cost below $1,500, showing a strong willingness to lock in assets, coupled with 23 million ETH locked in smart contracts, meaning more than half of the ETH is effectively immobilized.

As for the so-called "pump and dump," in the past week, spot ETFs have actually increased their holdings by 32,000 ETH, showing no signs of fleeing. Swap? It may just be another market fantasy.