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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