CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

ETH Price Retreats as Nearly $1B in Kraken Staked Ethereum is Withdrawn

21.04.2023
A A
0
123
VIEWS
ShareShare

Following a lull this week, staked Ethereum withdrawals have ramped up again. The pending withdrawal queue is being processed, and a large chunk of it is down to the Kraken crypto exchange.

On April 20, Nansen researchers observed that the second wave of full withdrawals was underway. They added that Kraken had over 330,000 ETH in full withdrawals with a further 175,000 left which is largely principal withdrawals. The total value of this Ethereum combined is around $975 million.

At the time of writing, that queue had been processed, and withdrawals had dropped back to their previously low levels, with deposits outpacing them.

In February, the U.S. Securities and Exchange Commission took action against Kraken, which was forced to shutter its staking services as the regulator claimed they were offering unregistered securities.

ADVERTISEMENT

Ethereum Withdrawals Stabilize

According to the Nansen dashboard, there has been 212,528 ETH withdrawn over the past 24 hours. However, with 103,823 ETH deposited, the net balance is -108,705.

It is reported that the total amount of ETH still staked is 18.6 million, valued at around $36.4 billion. However, this figure varies depending on what analytics platform you look at.

The Token Unlocks dashboard is reporting a lower figure of 17.3 million ETH staked at the time of writing. The net staking balance has declined by 615,790 ETH, it notes.

Furthermore, over the past few hours, deposits have been outpacing withdrawals once again. However, there are still 853,138 ETH valued at $1.66 billion in the pending withdrawal queue.

It appears that some of the withdrawn ETH are being re-deposited in liquid staking platforms. Lido’s total value locked in ETH has increased slightly since the Shapella upgrade, but the platform has yet to enable withdrawals for its users.

ETH Price Retreats

However, some of the withdrawn ETH has been sold as its price has retreated this week. Over the past day or so, ETH prices have dropped more than 8% to hit an intraday low of $1,928 during the Friday morning Asian trading session.

ETH was trading at $1,933 at the time of writing and looking likely to decline further today. It is also moving in the shadow of big brother Bitcoin which has pulled back 7% over the past couple of days.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share9Tweet6ShareSharePin2

Related Posts

JPMorgan Integrates Crypto Into Traditional Banking Services
All news

JPMorgan Integrates Crypto Into Traditional Banking Services

31.07.2025
0

JPMorgan partnered with Coinbase in what could potentially become the largest step toward integrating cryptocurrencies into the traditional U.S. financial...

Read moreDetails
Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

31.07.2025
Bolivia and El Salvador Collaborate in Digital Asset Sector

Bolivia and El Salvador Collaborate in Digital Asset Sector

31.07.2025
XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

31.07.2025
Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

31.07.2025
Load More
Next Post
Ethereum Posing Sandwich Attack, Will Solana & Cardano Beat ETH?

Ethereum Posing Sandwich Attack, Will Solana & Cardano Beat ETH?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Whale Address Activates After Decade, Transfers $37.8M Worth of BTC

2 years ago
Binance Users Exceed 200 Million

Binance Users Exceed 200 Million

1 year ago
BlackRock’s Bitcoin Move Ignites Europe’s Crypto Investment Frenzy

BlackRock’s Bitcoin Move Ignites Europe’s Crypto Investment Frenzy

2 years ago
Iran Offers Rewards for Reporting Illegal Crypto Mining Amid Power Shortages

Iran Offers Rewards for Reporting Illegal Crypto Mining Amid Power Shortages

12 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bolivia and El Salvador Collaborate in Digital Asset Sector

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

Will Siton’s DOGE Surpass XRP in the Future? Siton Mining Launches DOGE-Exclusive Contracts, Unlocking Daily Passive Income

Why Is Crypto Up Today? – July 31, 2025

10 Million People Globally Targeted by Fake Crypto App Ads, Check Point Warns

Trending

JPMorgan Integrates Crypto Into Traditional Banking Services
All news

JPMorgan Integrates Crypto Into Traditional Banking Services

31.07.2025
0

JPMorgan partnered with Coinbase in what could potentially become the largest step toward integrating cryptocurrencies into the...

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

31.07.2025
Bitcoin difficulty predicted to fall 5% as hashrate dips

Bitcoin difficulty predicted to fall 5% as hashrate dips

31.07.2025
Bolivia and El Salvador Collaborate in Digital Asset Sector

Bolivia and El Salvador Collaborate in Digital Asset Sector

31.07.2025
XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz