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Crypto

Ethereum Marks 11th Anniversary with Record Staking and $20M Inflow

Guavy AI Editorial Team
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Ethereum is marking its 11th anniversary, and it's sparking increased interest. BlackRock clients have bought over $20 million in Ethereum (ETH), while Bitcoin ETF outflows total $60 million. Additionally, a whale withdrew 40,000 ETH from Binance, signaling potential long-term holding.

Ethereum staking has hit a record 40.2 million ETH, accounting for about 33% of the total supply, worth over $63 billion. This trend suggests growing confidence in Ethereum's future.

However, sustained gains depend on continued demand beyond the anniversary hype. The market is closely watching this development as it may signal a shift in investor sentiment towards Ethereum.

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