Ethereum (ETH) holders are on a downward motion whereas the entire variety of staked ETH within the ETH 2.0 contract continuously rising for the reason that Shanghai/Shapella improve earlier this yr in March.
In keeping with knowledge supplied by Glassnode, the variety of addresses that maintain greater than 32 cash simply dropped to 127,146, marking a six-month low. The final time the quantity reached a six-month low was in November 2022.
Per the information, this quantity has been continuously lowering for the reason that begin of Might.
Alternatively, the entire variety of ETH locked within the ETH 2.0 contract simply reached 22,045,547 tokens, marking a brand new all-time excessive (ATH).
In keeping with a report on Might 19, the variety of non-zero Ethereum addresses hit an ATH of 99,355,406 whereas the broader crypto market was unsure.
Knowledge shows two million ether cash are able to be staked on the community’s beacon chain.
Ethereum is down by 2% previously 24 hours and buying and selling at $1,820 on the time of writing. Its buying and selling quantity has additionally dropped by 11.2% and at the moment sits at $5.8 billion.