For the First Time, Over Half of Ethereum's Supply is Held in Staking Address: Santiment Report

According to Santiment, Ethereum's proof-of-stake contract address now contains over half of the Ether supply, a first in the coin's eleven-year history. This figure can be misleading as it represents around 30% of the total supply, with approximately 37 million ETH currently staked out of 121.4 million tokens. The proof-of-stake address operates as a one-way vault, temporarily locking staked ETH from normal circulation. When validators withdraw, the Ether is released as newly issued coins on Ethereum’s main network, making the contract's share of the supply appear larger. Demand for staking has soared, with a record percentage of ETH supply staked and around 3.9 million ETH awaiting staking. In contrast, Ether prices have decreased to bear market lows below $2,000 due to panic selling by retail traders.