Home Metaverse Regulatory forced Kraken exits make up the majority of ETH principal withdrawals

Regulatory forced Kraken exits make up the majority of ETH principal withdrawals

0 comment

quick take

  • Two weeks after the Chapela upgrade, Ethereum (ETH) has broken through $2,000.

Deposits of staked ETH have exceeded withdrawals in the last 24 hours. The results are as follows.

  • Deposit: 121,806 ETH
  • Withdrawal: 28,762 ETH
  • Net: 93,044 ETH
ETH Withdrawal + Deposit: (Source: Nansen)

withdrawal

  • But most interestingly, the ETH principal withdrawal (the highest ever) was from Kraken, which was a regulatory forced withdrawal. This represents 64.1% of the principal (489,759) ETH withdrawn.
  • Withdrawals so far, including rewards, are again led by Kraken 598,815 ETH — a total of 35.3%.
  • The outstanding amount of ETH awaiting full exit (staked ETH awaiting withdrawal) is 620,377 ETH, with 19,348 validators waiting for full exit.
ETH Withdrawal: (Source: Nansen)
ETH Withdrawal: (Source: Nansen)
ETH Withdrawal: (Source: Nansen)
ETH Withdrawal: (Source: Nansen)

Regulation-enforced Kraken exits account for the majority of major ETH withdrawals and first appeared on CryptoSlate.

index (2)

About Us

Coingeography is a principal independent digital media resource with a coverage of comprehensive news on Crypto assets, NFT, Metaverse and the surging Web 3 space. We here deliver the most authentic and precise news from the arena of the Web 3 space and crypto assets. 

Feature Posts

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Copyright ©️ All rights reserved. | CoinGeography – Powered by Corum8