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A Record $100 Billion in Ethereum are Currently in Staked Contracts

  • The total amount of ETH in staked contracts has surpassed 32.8 million ETH, equivalent to over $100 billion, reflecting investor confidence in the coin.
  • Investors are showing more faith in Ethereum, as the number of ETH received on exchanges has significantly decreased, indicating a reduced willingness to sell and a growing belief in the coin's potential.
  • The increase in staking activities can be attributed to the rising price of ETH, leading to a decrease in supply on exchanges, further reinforcing the bullish sentiment towards Ethereum.
  • Notable crypto expert Merlijn The Trader highlighted the substantial growth in Ethereum staking, emphasizing the participation of 'smart money' investors and urging the crypto community to pay attention to this trend.

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