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Christine Kim (Galaxy Research) on ETHDenver & Upcoming Ethereum Upgrades
Galaxy Brains
What Are You Going to Do With Your ETH?
There is a limit to how many withdrawals the network can process at one time. There's about a million ETH that's going to become liquid as a result of rewards. We conservatively estimated that 50% of rewards would be sold off like the week after Shanghai or throughout the week of Shanghai. You will see a little bit of sell pressure, I think, immediately after the upgrade, but not a lot. And then I think you're going to see a ton more staking activity because now the uncertainty around when you are going to be able to withdraw your stake is removed.
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