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Ethereum Staking Surges to Record High as Over 35 Million ETH Locked

  • Over 500,000 ETH were added to staking contracts in the first half of the month, reaching a record high.
  • The surge in staking leads to a decrease in Ethereum's liquid supply, indicating a shift towards yield-generating strategies over active trading.
  • Ethereum accumulation addresses, holding 22.8 million ETH, hit an all-time high, signaling strong investor confidence in Ethereum's long-term value.
  • These addresses are seen as indicators of smart money behavior, reinforcing trust in Ethereum's future potential.
  • These trends highlight Ethereum's robust fundamentals and resilience in the crypto market, positioning it as a conviction-driven asset with minimal sell pressure.
  • The increased staking and non-selling holdings demonstrate growing investor alignment on Ethereum's growth prospects.
  • Ethereum Staking Surges to Record High as Over 35 Million ETH Locked.
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