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Ethereum Staking Hits Historic Levels—35M ETH Now Secured on Network
- Ethereum staking has surged post the Merge upgrade in 2022, with 500,000 ETH staked in June alone, totaling 35 million staked ETH.
- Staking involves locking up ETH to secure the network and earn rewards, becoming crucial after Ethereum's transition to Proof of Stake.
- CryptoQuant reports over 500,000 ETH staked in June, boosting the total staked ETH past 35 million, a historic high.
- Accumulation Addresses now hold 22.8 million ETH, showing long-term believer sentiment in Ethereum as a store of value.
- Whales have been accumulating ETH daily, with wallets holding between 1,000 and 10,000 ETH increasing their holdings significantly.
- These mid-sized whales hold a total of over 14.3 million ETH, signaling strong confidence in Ethereum's future potential.
- SharpLink acquires 176,270 ETH, becoming the largest Ethereum holder among publicly traded companies, showing corporate interest in digital assets.
- ETH's price is currently at $2,554.58, down 3.34% in the last day, with a potential breakout above $2,707 for the next rally.
- Ethereum's total market cap has dipped to $308.39 billion, a 2.34% fall, with trading volume decreasing by nearly 30%.
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