TL;DR
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ICYMI, about a month ago Ethereum underwent an upgrade that allowed users to withdraw their staked ETH for the first time in years – we’re talking $36 billion+!
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…and with the recent banking collapses, we’ve all seen what can happen when everyone decides to get their money out of something all at once.
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Everything is just… fine. In fact, more money is coming in from Ethereum staking than is going out – with a difference of $189 million.
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$36 billion+ in investments opened, in what is widely considered a ‘high risk’ asset, amid a grizzly bear market…and deposits have increased. That exudes conviction.
Full story
Yes, that’s right – we’ve said it and we’ll stand by it: Ethereum is extremely boring right now.
…which is good news!
ICYMI, about a month ago Ethereum underwent an upgrade allowing users to withdraw their staked ETH for the first time in years.
The total amount locked up wasn’t small either – we’re talking $36 billion+!
…and with the recent banking collapses, we’ve all seen what can happen when everyone decides to get their money out of something all at once.
But there’s no high-octane story to tell here – Ethereum won’t bounce back from the brink, or weather Category 5 storms.
Everything is just… fine.
In fact, more money is coming in from Ethereum staking than is going out – with a difference of $189 million.
So what’s the takeaway?
$36 billion+ in investments opened up, in what is widely considered a “high risk” asset, amid a grizzly bear market.
…and have deposits increased.
That exudes conviction.
