The long-awaited updates for Ethereum Shanghai and Capella were officially launched at 6:30 am Eastern Time yesterday. The smooth progress of the hard fork is the first major upgrade of the agreement since the "merger" on September 15, 2022
The long-awaited updates for Ethereum Shanghai and Capella were officially launched at 6:30 am Eastern Time yesterday. The smooth progress of the hard fork is the first major upgrade of the agreement since the "merger" on September 15, 2022.
For the first time in over two years, pledgers and verifiers have been able to extract pledged ETHs from the beacon chain. Contrary to some worrying concerns, ETH prices have not plummeted so far.
Latest data on pending Ethereum withdrawals
According to token. unlocks, approximately 17350 ETHs were withdrawn and 128 ETHs were deposited approximately two hours after the Ethereum upgrade. At that time, the number of ETHs waiting for withdrawal was approximately 319000 ETH (approximately $563 million).
However, since then, this number has significantly increased. NansendataAs of press release, the number of ETHs waiting to be withdrawn is 704416. The total number of ETHs pledged on the beacon chain, including rewards, is 19227545ETH. This means that approximately 3.6% of the mortgage ETH is currently waiting to be withdrawn.
The number of validators waiting for complete exit is 19621, and the total number of validators is 567209. The net outflow since the activation of the update is -55438ETH.
It is worth noting that according to Nansen, the average price of all pledgers is $1973, slightly higher than the current price. Therefore, ETH only needs to increase by 3% to make ordinary stackers profitable.
According to the on chain analysis tool, Huobi ranks first with 27.5% of entities waiting to release their collateral ETH, followed by other entities (19%), PieDAO (15.7%), Kraken (13.6%), and HeavyDexTrader0xa3d (10.1%).
According to Chinese journalist Colin Wu, according to insiders, the large withdrawal of ETH by HuoCoin.com is mainly related to the transfer of new and old shareholders. After the exit is completed, Li Lin, the original leader of HuoCoin, will take over the handover. Some ETHs may be extracted and then stored again
According to the official website of Ethereum, withdrawals do not require transaction fees as withdrawals do not compete with execution level block spaces. In addition, the website points out that a block can handle up to 16 withdrawals.
This means that the verifier will process 115200 withdrawals within one day. Subsequently, Ethereum predicted that 400000 withdrawals would take 3.5 days, 600000 withdrawals would take 5.2 days, and 800000 withdrawals would take 7 days.
ETH Price Trend Upward
data ETH ETH
Therefore, ETH prices currently look very bullish. As of the time of publication, ETH's trading price was $1921, which is expected to exceed $2000.
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