Ethereum staking has climbed to a fresh record, according to AMBCrypto, with 41.4 million ETH now locked in staking contracts. That figure represents 34% of the asset’s total supply, and more than 1.4 million ETH was added in the past week alone. The increase comes as large holders continue to move capital into staking even while broader market liquidity weakens.
Tom Lee-backed BitMine staked another 150,100 ETH, valued at about $278 million. Its total staked ETH has now reached 5.07 million ETH, worth roughly $9.38 billion, equal to 87.4% of its ETH holdings. AMBCrypto also said another whale address withdrew and staked a cumulative 112,000 ETH over the past three weeks, worth more than $208 million.
At the same time, stablecoin market capitalization fell 1.6% this quarter, described as the worst quarterly performance on record. More than $6 billion in liquidity has left the crypto market, while average daily spot trading volume across the market has dropped nearly 70% from its January peak to about $15 billion.
Ethereum staking has reached a record 41.4 million ETH, according to AMBCrypto, accounting for 34% of the token’s total supply. More than 1.4 million ETH was added to staking over the past week alone.
BitMine and other large holders keep adding to staking
BitMine, tied to Tom Lee, staked another 150,100 ETH worth about $278 million. That pushed its total staked amount to 5.07 million ETH, valued at roughly $9.38 billion, or 87.4% of its ETH holdings.
AMBCrypto also reported that another whale address withdrew and staked a cumulative 112,000 ETH over the past three weeks, worth more than $208 million.
Liquidity metrics weaken across the market
At the same time, stablecoin market capitalization fell 1.6% this quarter, marking the worst quarterly performance on record. More than $6 billion in liquidity has flowed out of the crypto market, and average daily spot trading volume across the market has dropped nearly 70% from its January peak to about $15 billion.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
