ETH 2.0 gains value despite address loss

ETH 2.0 gains value despite address loss

The number of Ethereum holders drops to a six-month low while the total number of staked ETH in the ETH 2.0 contract reaches a new all-time high, according to data from Glassnode.

Ethereum (ETH) holders are on a downward movement while the total number of staked Ethereum (ETH) in the Ethereum (ETH) 2.0 contract constantly growing since the Shanghai/Shapella upgrade earlier this year in March.

Reports by data provided by Glassnode, the number of addresses that hold greater than 32 coins just dropped to 127,146, marking a six- 30 days low. The last time the number reached a six- 30 days low was in November 2022.

Per the data, this number has been constantly decreasing since the start of May.

On the other hand, the total number of Ethereum (ETH) locked in the Ethereum (ETH) 2.0 contract just reached 22,045,547 crypto tokens, marking a new record-breaking peak (ATH).

Bitcoins Breakthrough: 3 Key Metrics to Watch for a Bullish Surge

Reports by a report on May 19, the number of non-zero Ethereum (ETH) addresses hit an ATH of 99,355,406 while the broader cryptocurrency market was uncertain.

Data shows two Million ether coins are ready to be staked on the network’s beacon chain.

Ethereum (ETH) is down by 2 percent in the past 24 hours and currently worth $1,820 at the time of writing. Its volume of trading has likewise dropped by 11.2 percent and as of now sits at $5.8 billion.


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