$ETH Ethereum Price Paradox Below $2,000 Yet Staking Hits All Time High
Despite lackluster price action with Ethereum still struggling under the $2,000 zone, the community's longterm confidence in the network is at an unprecedented high.
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🔸 The latest onchain data confirms that the proportion of ETH being staked has officially broken the previous record, surpassing the 30% threshold of total supply.
🔸 This figure equates to 36.8 million ETH, worth approximately $72 billion, currently locked in smart contracts. Simultaneously, the network is approaching 1 million active validators securing the blockchain.
🔸 The removal of such a large amount of ETH from circulation for staking demonstrates extremely strong HODL sentiment. Floating supply on the market is becoming increasingly scarce, creating a potential "compressed spring" for future prices.
🔸 While the market remains cautious on short-term prices, "big players" and longterm investors appear to be accumulating relentlessly.
Do you think this supply shock will soon trigger a new growth phase for ETH?
News is for reference, not investment advice. Please read carefully before making a decision.