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Christine Kim (Galaxy) on Ethereum Shanghai Upgrade

Galaxy Brains

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The Phase of Cryptocurrencies in the Ethereum Market

The majority of that 1 million ETH number is, I would say, probably like 80% is partial. We have seen a large number of exiting validators. There was some analysis done on what kind of validators are these who are the operators. And we understand why they are. The entity that was unstaking the highest number of validators was cracking. So it's less than a percent of the supply became unlocked or newly liquid. But you're right. It does. You know, today on Wednesday the 19th as we record this, this is a little bit of a red day for cryptos. Bitcoin is trading at 29.2K, but I thinkETH is about 2

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