Ethereum fell 3.8%, with withdrawals exceeding 1 million

Four days after upgrading Ethereum (ETH) Shapella, over 1 million Ethereum has been withdrawn.According to the data, out of 491037 extractions, 1

Four days after upgrading Ethereum (ETH) Shapella, over 1 million Ethereum has been withdrawn.

According to the data, out of 491037 extractions, 1.04 million ETHs were extracted. The highest revocation occurred on April 15th, when the verifier removed 3928012 ETHs from the beacon chain.


On other days, over 150000 ETH were withdrawn separately.

Meanwhile, more ETHs will be withdrawn in the coming days. According to TokenUnlocks, 866850 ETHs worth $1.81 billion are waiting to be extracted from 471370 validators.

Lido withdraws the most

According to Nansen's dashboard, Lido is responsible for most withdrawals. Among all withdrawals processed, liquid pile platforms account for 25%.

Secondly, Binance has withdrawn 84145 shares of ETH, equivalent to 8.11% withdrawal of ETH. Other centralized entities, such as bankrupt lenders such as Celsius, Segment, and Satofishi, are also among the top addresses for withdrawing tokens.

Centralized exchange dominates outstanding withdrawals

At the same time, centralized exchanges - Kraken, Coinbase, Binance, and Gemini - occupy the platforms waiting to exit ETH.


CryptoSlate previously reported that these platforms account for 78% of the entities waiting to withdraw their equity stake in Islian. As of the reporter's press release, these platforms hope to withdraw 736500 ETH.

Recent regulatory issues in the United States have forced these platforms to withdraw their assets to maintain compliance with the Securities and Exchange Commission (SEC).

Since the upgrade of Shapella, over 380000ETH has been stored

According to Token Unlocks, since the Shanghai Hard Bifurcation, although investors have deposited 380420 ETHs, their ETH balance has decreased by 3.8% to 17.3 million ETHs.


ETH net decrease of 657570ETH ($1.36 billion).

Meanwhile, Lookonchain reported that some addresses withdrew their stakedETH and immediately re staked them. According to chain detectives, three of the top 15 withdrawal addresses have reinvested 19844 ETHs in their wallets.

Lookonchain further pointed out that some addresses for withdrawing assets are also selling assets. The investigators emphasized three wallets and sent 71444ETH to an unnamed centralized exchange.

ETH has been one of the best performing digital assets since the upgrade of Shapella. This cryptocurrency has grown by over 12% in the past week and has brought a wider market into green operation.


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