Ethereum Staking Reaches Record High with Over 35 Million ETH
Ethereum staking has reached a record high, surpassing 35 million ETH, which represents approximately 28.3% of the total Ethereum supply. This milestone indicates growing confidence in Ethereum's proof-of-stake model and a tightening of liquid supply.
*Key Highlights:*
- *Staking Milestone:* Over 35 million ETH is now staked, marking a new all-time high for the network.
- *Percentage of Total Supply:* The staked amount represents 28.3% of Ethereum's total supply, which is around 120 million ETH.
- *Dominant Staking Platforms:* Lido, Binance, and Coinbase dominate the staking landscape, raising concerns about potential centralization.
- *Market Implications:* The surge in staked ETH suggests long-term conviction among holders and may lead to a supply crunch.
*Factors Contributing to the Surge:*
- *Favorable SEC Guidance:* Recent guidance from the SEC on staking has contributed to the increase in staked ETH, although approvals for Ether staking ETFs are still pending.
- *Whale Accumulation:* Ethereum whales have resumed accumulation, with large wallets adding over 871,000 ETH in a single day on June 12, the largest daily inflow in 2025.
- *Long-term Holder Confidence:* Addresses that have never sold their ETH now hold a record 22.8 million coins, indicating growing confidence and declining sell pressure.
*Market Impact:*
The record staking levels and whale accum#ulation may drive the next rally in Ethereum's price. Technical analysis suggests that breaking the 50-week EMA resistance could trigger 25-135% price gains. With spot ETH ETFs recording 19 consecutive days of inflows totaling $1.37 billion, Ethereum's fundamentals appear strong.
