Currently, Ethereum has reached a new peak in the amount of staked coins (STAKING)



Thus, the amount that has been staked reached 35,000,000 ETH, which represents about 28.5% of the total circulating supply



In summary, most of us have certainly heard about the large withdrawal of Ethereum from exchanges or came across a post titled 'A quantity of Ethereum has been withdrawn from to an address'



Of course, these whales are trying to maximize their benefit since Ethereum is still not priced at its true value, so they are storing it in exchange for returns



As the amount of staked Ethereum increases, the confidence of whales and investors in it rises, and the reduced circulating supply in the market stimulates the price to rise and its targets as shown



$BTC

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