Ethereum, back in the saddle. And if you think this is just some other blockchain update, let me remind you: when 35 million ETH goes into staking, this is not just an 'update' — this is crypto-Montezuma building a pyramid for itself. And doing it silently, but stylishly.
Here’s simple math for you: over 500,000 ETH has been staked just since June. People are literally giving away their ethers voluntarily and without the ability to withdraw them anytime soon — and they do it with such a smile, as if signing a check in the name of their beloved grandmother. Why?
Because they know. They know what Wall Street is still afraid to admit — Ethereum is no longer just 'the second largest crypto by market cap'. It is the king of Proof-of-Stake. It is the Switzerland of blockchain. It is the Rolls Royce among virtual assets.
And now listen to this: 22.8 million ETH are held tightly on accumulation addresses. What does this mean? It means that millions of dollars in ETH are in the pockets of people who have never sold them. Never. Not for an NFT with a monkey, not for a trip to Bali, not even for a Lambo. These people hold as if tomorrow will bring a digital apocalypse, and only Ethereum will be edible for breakfast.
And you know, maybe they are right.
Ethereum is not just a network. It is already the infrastructure for the future internet. More and more projects, DeFi protocols, Layer 2 solutions, and even some of your favorite 'shitcoins' are riding on the shoulders of this giant.
And now, when the blocks are being laid and validators are receiving rewards, you want to know what to do?
Maybe ask the hodlers themselves. But they are not heard — their hands are busy. They are holding.
People who have staked 35 million ETH on Ethereum. And that, for a moment, is $130 billion of trust. Try explaining this to your banks.
And by the way… Where is your bank today?
