there’s 350,000 eth queued up to unstake
about $1.3 billion dollars
last time that much eth was being unstaked it was in january 2024 following a 25% rally in eth/btc in a single week
went down only from there
to be fair there could be many reasons why this is being unstaked. doesn’t have to be selling. also there’s a healthy amount of eth queued up for staking at this time
but i gotta get my elon bucks somehow
bigger picture regardless of this anecdote it should be obvious that there’s a lot of overhang from old eth holders but hey what do i know
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