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1 Million Ether has Been Withdrawn Since Ethereum's Shanghai Hard Fork

Since Ethereum's Shanghai hard fork, which went live on April 12, over one million ether coins have been withdrawn. The hard fork allowed Ethereum stakers to withdraw their ether rewards for the first time since Beacon-chain deposits began in late 2020. Just under 15% of the total ether supply remains deposited, accounting for 17.30 million ether worth roughly $36.1 billion. An estimated $62.65 million will be withdrawn over the next 11 hours, creating a daily withdrawal average of $125.23 million per day. The price of ether remains around $2,100 per coin, while staking APR sits at just under 5%. (TheBlock)

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