On-chain intelligence platform Glassnode has predicted that around 170,000 Ether (ETH), worth roughly $323 million, will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum. The figure will comprise 100,000 ETH in staking rewards and 70,000 ETH in staked Ether hitting the market. Glassnode explained that only 253 depositors are waiting to exit their stake and that a few mechanisms are in place to prevent a flood of Ether supply from hitting the market all at once. The hard fork is scheduled for 12 April and will enable the withdrawal of staked Ethereum. (Cointelegraph)
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