The Ethereum Prize falls because the withdrawals of ETH inserts increase

The Ethereum Prize falls because the withdrawals of ETH inserts increase
After a doldrum this week, the withdrawals of clocked Ethereum have risen again. The queue for outstanding payments is processed, and a large part of it is due to the Kraken Kraken.
On April 20, Nansen researchers observed that the second wave was in full payments. They added that octopus had over 330,000 ETH in complete withdrawals, with another 175,000 left, which is largely main withdrawals. The total value of this Ethereum together is around $ 975 million.
At the time of writing this article, this queue had been processed, and the payments had fallen back to their previously low level, whereby the deposits overtook them.
The second wave of full payments is in progress, so that you definitely ask yourself who is behind it and whether it is worrying
It is octopus with over 330,000 ETH in complete withdrawals. Another ~ 175,000 in the ETH are left, which are largely main withdrawals. pic.twitter.com/ilmf7ahwx
-Martin Lee | Nansen 🧭 (@themlpx) 20. April 2023
In February, the US Securities and Exchange Commission acted against octopuses, which was forced to hire its staking services because the supervisory authority claimed that it offered not registered securities.
Ethereum withdrawals stabilize
According to the Nansen dashboard, 212,528 ETH have been deducted in the last 24 hours. With 103,823 ETH paid ETH, however, the net balance is -108,705.
It is reported that the total amount of the still used ETH is 18.6 million, which corresponds to a value of around $ 36.4 billion. However, this number varies depending on which analysis platform you look at.
The token Unlocks dashboard reports a lower number of 17.3 million ETH stakes at the time of writing this article. The net staking credit has decreased by 615,790 ETH, it says.
In addition, the deposits have once again exceeded the payouts in the past few hours. However, there are still 853,138 ETH worth $ 1.66 billion in the queue for outstanding withdrawals.
It seems that some of the withdrawn ETH are deposited again in liquid staking platforms. The total value of Lido bound in ETH has risen slightly since the Shapella upgrade, but the platform still has to enable your users.
ETH Price Retreats
Part of the withdrawn ETH was sold because their price decreased this week. In the last few days or so, ETH prices have fallen by more than 8 % and have reached an intra-raday low of $ 1,928 during the Asian trading session on Friday morning.
ETH was traded at $ 1,933 at the time of writing this article and is likely to fall further today. It also moves in the shadow of the big brother Bitcoin, which has decreased by 7 % in the past few days.
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