Ether’s staking scene just hit new heights, with 28.9% of all ETH now locked in validator contracts. Onchain data from IntoTheBlock revealed that on Oct. 8, staked ETH jumped from 23.8% in January to its current numbers. That’s a 5.1% boost, meaning tokenholders are buckling in for the long term. Why? Because staking rewards keep trickling in, and they know the network isn’t going anywhere, even if prices wobble a bit.
OGs Holdin’ for Years, Not Budging
But the real alpha? 15.3% of all staked ETH has been chilling there for over three years. That’s not short-term plays; that’s some next-level diamond hands. IntoTheBlock called this “long-term confidence” in Ethereum, and they’re not wrong. These cats clearly see the potential rewards coming down the pipeline. So, while the market gets shaky and speculators get cold feet, the stakers just keep adding weight to the system. It’s like they know something we don’t.
ETH Price Tanks While Stakers Stake
Even though the staking scene is lit, Ether’s price hasn’t been so hot. In March, ETH was riding high, trading at over $4,000. Now? It’s clinging to $2,400, a 40% nosedive since that peak. Analysts say the dip could be linked to old-school ICO players dumping tokens or the market not vibing with those spot Ether ETFs. Between Oct. 1 and Oct. 3, Ether tanked 12%, failing to break past the $2,650 line. That bearish energy drained the gains from the last couple weeks, leaving some traders feeling wrecked.
Vitalik Wants to Let More Players Solo Stake
Meanwhile, Vitalik Buterin threw his 2 wei into the staking convo on X. He’s not feeling the 32 ETH solo staking barrier, which is sitting at almost $80,000. It’s keeping the little guys out of the solo staking game. Sure, there’s staking pools, but Buterin sees that threshold scaring off more casual stakers. He hinted at lowering the bar, so the non-whales can get in on solo staking action without needing bags of ETH.
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