$ETH

#EthereumNews

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The total amount of Ethereum beacon chain staking has exceeded 36 million ETH, accounting for 29.15% of the total supply, with Lido's share reaching as high as 25.21%.

This data makes me feel that the PoS mechanism is becoming more stable, but it also exposes the risks of centralization, as Lido's dominance can easily become a target for attacks.

In connection with this, whales have been hoarding 391,000 ETH this week, worth 1.4 billion dollars, clearly betting on ETF and staking yields, while the market greed index remains at 72. In the short term, ETH may surge to 4000.

I recommend paying more attention to liquid staking protocols and not getting carried away by high yields, as risks always bubble up during greedy times.