Summary
- The amount of staked Ethereum (ETH) surpassed 25 million ETH, reaching a record all-time high.
- The Ethereum holdings in wallets with no selling history also reached an all-time high at 22.8 million ETH.
- The report mentioned that this reflects the market's trust in Ethereum's long-term fundamentals, and that the decrease in available supply could have a positive impact.
The amount of staked Ethereum (ETH) has reached a record high.
On the 17th (local time), an on-chain school CryptoQuant contributor stated in a report that "over 500,000 ETH was newly staked in just the first half of June" and that, "the total staking amount surpassed 25 million ETH, marking an all-time high." Furthermore, "the amount of Ethereum held in wallets with no selling history also reached 22.8 million ETH, hitting a record high as well," the report added.
This, according to the report, reflects the market's trust in Ethereum's long-term fundamentals. The report explained, "Ethereum's positive indicators demonstrate market confidence in its fundamentals," and added, "the decrease in circulating supply could also positively affect its long-term fundamentals."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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