Regulatory forced Kraken exits make up the majority of ETH principal withdrawals

Share This Post

Quick Take

  • It has been two weeks since the Shappela upgrade, and Ethereum (ETH) had broken $2,000.

Staked ETH deposits have outpaced withdrawals over the past 24 hours. The results are below;

  • Deposits: 121,806 ETH
  • Withdrawals: 28,762 ETH
  • Net: 93,044 ETH
ETH Withdrawals + Deposits: (Source: Nansen)
ETH Withdrawals + Deposits: (Source: Nansen)

Withdrawals

  • However, most interestingly, ETH principal withdrawals (all-time) have come from Kraken — which was a regulatory forced exit. This amounts to 64.1% of the principal withdrawn (489,759) ETH.
  • While the all-time withdrawal, including rewards, is again spearheaded by Kraken 598,815 ETH — a total of 35.3%.
  • The outstanding amount of ETH waiting for the full- exit (staked ETH waiting to be withdrawn) is 620,377 ETH, and 19,348 validators are waiting for the full exit.
ETH Withdrawals: (Source: Nansen)
ETH Withdrawals: (Source: Nansen)
ETH Withdrawals: (Source: Nansen)
ETH Withdrawals: (Source: Nansen)

The post Regulatory forced Kraken exits make up the majority of ETH principal withdrawals appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil The Central Bank of Brazil indicates that crypto assets and

Chainlink: The Investment Of A Lifetime? Analyst Thinks So

Chainlink is quite the buzzword in cryptocurrency land Well-known expert Michael Van De Poppe has described it as a “lifetime opportunity” The cryptocurrency boasts of its ability to

L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security

Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks As more users and transactions move to layer two (L2) solutions, these

Discovering the Creator-Driven World of Nifty Island

In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction Last

Kraken Launches Regulated Derivatives Platform in Bermuda

Cryptocurrency exchange Kraken has launched a new regulated derivatives trading platform in Bermuda after obtaining a Class F Digital Business License from the Bermuda Monetary Authority This

US Bitcoin ETFs See $300 Million Weekly Outflow After Three-Week Inflow

Despite ending the last day of the week with inflows, Spot Bitcoin ETFs in the United States closed out the week with a net outflow In particular, the ETFs logged $2559 million of net inflows on