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Analysis

1.02 Million Ether Has Been Withdrawn After Ethereum’s Shanghai Hard Fork

April 17, 2023 - Around 2 mins mins to read

Key Points:

  • According to data from token.unlocks, the total amount of withdrawn ether currently stands at 1.02 million coins, which is a significant milestone for the Ethereum network.
  • Some addresses re-staked or transferred their funds to exchanges, indicating different strategies for using the withdrawn funds.
The Ethereum network’s Shanghai hard fork allowed stakers to withdraw ether rewards for the first time. Over 1 million coins have been withdrawn, with the top 15 addresses accounting for a significant portion of that amount. Some addresses re-staked or transferred their funds to exchanges.

According to data from token.unlocks, the total amount withdrawn currently stands at 1.02 million coins, which is a significant milestone for the Ethereum network. Deposited ether since the Shanghai hard fork stands at 373,040, creating a net staking balance of -651,470.

1.02 Million Ether Has Been Withdrawn After Ethereum's Shanghai Hard Fork

Particularly, Lookonchain revealed 1,024,099 $ETH ($2.15B) has been withdrawn, which is a substantial sum of money. The top 15 withdrawal addresses account for a significant portion of this amount, highlighting the importance of these addresses in the Ethereum ecosystem.

Some of these addresses re-staked $ETH after withdrawal, while others transferred it to CEX, indicating different strategies for using the withdrawn funds.

  • Address “0x08De” withdrew the largest amount at 50,956 $ETH, transferring a portion of it to a Huobi ETH2 Staking address and the rest to another address.
  • Address “0x2E5f” withdrew 25,855 $ETH and transferred a total of 18,000 $ETH to Binance and Kraken.
  • Address “0x4231” withdrew 8,444 $ETH and transferred all of it to Kraken.
  • Address “0xa8c6” withdrew 8,961 $ETH and re-staked some of it.
  • Address “0x4B5E” withdrew 5,434 $ETH and re-staked all of it.

There are 13 addresses that re-staked after withdrawing $ETH, with a total of 34,198 $ETH ($72M) staked, indicating the importance of re-staking for these addresses. Overall, this information provides valuable insights into the Ethereum network’s ongoing development, highlighting the community’s interest in improving the platform and its ecosystem.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Ethereum blockchain

Ethereum network

Shanghai Fork

Shanghai upgrade

Shanghai-Capella

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Analysis

1.02 Million Ether Has Been Withdrawn After Ethereum’s Shanghai Hard Fork

Key Points:

  • According to data from token.unlocks, the total amount of withdrawn ether currently stands at 1.02 million coins, which is a significant milestone for the Ethereum network.
  • Some addresses re-staked or transferred their funds to exchanges, indicating different strategies for using the withdrawn funds.
The Ethereum network’s Shanghai hard fork allowed stakers to withdraw ether rewards for the first time. Over 1 million coins have been withdrawn, with the top 15 addresses accounting for a significant portion of that amount. Some addresses re-staked or transferred their funds to exchanges.

According to data from token.unlocks, the total amount withdrawn currently stands at 1.02 million coins, which is a significant milestone for the Ethereum network. Deposited ether since the Shanghai hard fork stands at 373,040, creating a net staking balance of -651,470.

1.02 Million Ether Has Been Withdrawn After Ethereum's Shanghai Hard Fork

Particularly, Lookonchain revealed 1,024,099 $ETH ($2.15B) has been withdrawn, which is a substantial sum of money. The top 15 withdrawal addresses account for a significant portion of this amount, highlighting the importance of these addresses in the Ethereum ecosystem.

Some of these addresses re-staked $ETH after withdrawal, while others transferred it to CEX, indicating different strategies for using the withdrawn funds.

  • Address “0x08De” withdrew the largest amount at 50,956 $ETH, transferring a portion of it to a Huobi ETH2 Staking address and the rest to another address.
  • Address “0x2E5f” withdrew 25,855 $ETH and transferred a total of 18,000 $ETH to Binance and Kraken.
  • Address “0x4231” withdrew 8,444 $ETH and transferred all of it to Kraken.
  • Address “0xa8c6” withdrew 8,961 $ETH and re-staked some of it.
  • Address “0x4B5E” withdrew 5,434 $ETH and re-staked all of it.

There are 13 addresses that re-staked after withdrawing $ETH, with a total of 34,198 $ETH ($72M) staked, indicating the importance of re-staking for these addresses. Overall, this information provides valuable insights into the Ethereum network’s ongoing development, highlighting the community’s interest in improving the platform and its ecosystem.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News