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Market

Over 9.2 million ETH locked in the Ethereum 2.0 deposit contract

January 26, 2022 - Around 2 mins mins to read

Recent data from Glassnode shows that the amount locked in the ETH 2.0 deposit contract that just marked a new ATH is 9,213,714 ETH, which is worth over $23.9 billion at current rates. This means that almost 8% of the total supply of 119,318,828 ETH is now locked.

Ethereum 2.0

The increasing number of depositors, validators and ETH balances on the Ethereum 2.0 deposit contract shows that Ethereum investors and community expect a long-term uptrend for ETH.

Ethereum whales bought nearly $497.2 million worth of ETH, according to Santiment data.

ETH whale addresses with 10,000 coins or more have added 200,000 ETH from the weak since Jan. 20, marking the largest accumulation in two months.

Furthermore, Glassnode reports that the number of addresses with more than 1 ETH just increased to a new ATH of 1,407,532. The previous high of 1,407,198 was observed on January 21st. This could indicate an increase in retail sales.

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

Over 9.2 million ETH locked in the Ethereum 2.0 deposit contract

Recent data from Glassnode shows that the amount locked in the ETH 2.0 deposit contract that just marked a new ATH is 9,213,714 ETH, which is worth over $23.9 billion at current rates. This means that almost 8% of the total supply of 119,318,828 ETH is now locked.

Ethereum 2.0

The increasing number of depositors, validators and ETH balances on the Ethereum 2.0 deposit contract shows that Ethereum investors and community expect a long-term uptrend for ETH.

Ethereum whales bought nearly $497.2 million worth of ETH, according to Santiment data.

ETH whale addresses with 10,000 coins or more have added 200,000 ETH from the weak since Jan. 20, marking the largest accumulation in two months.

Furthermore, Glassnode reports that the number of addresses with more than 1 ETH just increased to a new ATH of 1,407,532. The previous high of 1,407,198 was observed on January 21st. This could indicate an increase in retail sales.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page