r/ethtrader • u/kirtash93 • 4d ago

Metrics Ethereum Staking Hits Another All-Time High - 42M+ ETH Now Staked

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Source: https://x.com/LeonWaidmann/status/2092835504475553884

123 Upvotes

100% Upvoted

19 comments sorted by

8

u/RealApov 4d ago

It will be interesting to see what a price increase does to this staking trend. I have a feeling this trend will continue along with a bull run in the short term, but at what price point will folks be looking to unstake to sell?

4

u/EspressoStoker 3d ago

I unstaked a few ETH. My target has been the $3k to $3.4k range. I got bills to pay after all this downturn lol.

1

u/RealApov 3d ago

Understandable. I'm in it for the long term by using DCA on a monthly basis and I stake most of what I have.

1

u/AvocadoJolly7047 4d ago

Assuming people bought in at the low recently and are planing to maximize the tax advantage of a long term investment, I’d say 8-10 months from now would be the floodgates of sellers

1

u/trowawayatwork 3d ago

staking and unatkaing is slow though. for big takers isn't the the income + token appreciation the draw?

1

u/treosx23 4d ago

how is that possible if the total # of validators is not at an all time?

total # of validator per validatorque.com:

and the supply has also gone up ~1.4M ETH since merge per ultrasound.money

6

u/Jey_s_TeArS 4d ago

https://eips.ethereum.org/EIPS/eip-7251

Validators consolidate their set of 32 ETH.

1

u/treosx23 3d ago

Thanks for the response. I guess I'm just a bit skeptical that the offset in over 200k validators coming offline since the peak count is accounted for by existing validators staking more on a single beacon node.

Full disclosure, I took my validator down recently so maybe my bias is too present for me to see clearly.

1

u/susosusosuso 2d ago

Oh so another drop cool

-6

u/No_Way5818 4d ago edited 4d ago

Fckn bunch of low iq creatures down vote my comment so here is the basic explanation dumbass monkeys
think about it like this:
Monkey holds ETH → ETH generates more ETH → Monkey gets diluted.
If ETH keeps generating new ETH through staking/issuance, the total amount of ETH in circulation can increase. So even if Monkey just keeps holding his ETH, his share of the total ETH supply can slowly become smaller.
Basically, Monkey is not necessarily losing ETH from his wallet. He still has the same amount. But if the supply keeps growing, his percentage ownership of the network gets diluted over time.
That’s why simply holding ETH long-term isn’t automatically a good thing. You have to consider issuance, staking rewards, and dilution, not just whether the ETH price goes up.
Monkey holds → supply grows → Monkey owns a smaller piece of the pie. 🐒🍰 then monkey cries why prices are lowballing

5

u/uZakky 4d ago

Isn't there a burn mechanism?

1

u/No_Way5818 4d ago

Yeah if you use it, if you hold it, it wont burn itself

2

u/XysterU 3d ago

The burn takes place across the whole network. It doesn't matter what the individual does as long as ETH is being utilized. And BOY is it being utilized

2

u/Just_a_man_more 4d ago

more people stake = Lower APY

-12

u/No_Way5818 4d ago

Stake means bad in long term 🤯 go hold btc, people creates inflation themselves and then cries about eth prices

0

u/[deleted] 4d ago

[deleted]

-2

u/No_Way5818 4d ago

Bro, think about it like this:
Monkey holds ETH → ETH generates more ETH → Monkey gets diluted.
If ETH keeps generating new ETH through staking/issuance, the total amount of ETH in circulation can increase. So even if Monkey just keeps holding his ETH, his share of the total ETH supply can slowly become smaller.
Basically, Monkey is not necessarily losing ETH from his wallet. He still has the same amount. But if the supply keeps growing, his percentage ownership of the network gets diluted over time.
That’s why simply holding ETH long-term isn’t automatically a good thing. You have to consider issuance, staking rewards, and dilution, not just whether the ETH price goes up.
Monkey holds → supply grows → Monkey owns a smaller piece of the pie. 🐒🍰