Ethereum Supply Tightens as Whale Withdraws $10M, Staking Hits Record High

A recent Ethereum whale withdrew nearly $10 million in ETH from Kraken, reducing the cryptocurrency's liquid supply and contributing to ongoing accumulation off exchanges.

This move comes as Ethereum staking reached a record high of 41 million ETH, locking up approximately 34% of circulating supply and further constraining available tokens.

The reduced exchange balances and rising staking create conditions favorable for Ethereum's price growth if demand remains strong. However, price gains depend on sustained demand as increased supply from exchanges could limit upside.