There is absolutely a net outflow of Ether as you would expect. Kraken, which had to shut down its staking platform because of the SEC, they're not going to keep it there. And so people are starting to squeeze through that 1,800 validators per day, 1,800 times 32 to get to the amount of Ether per day. That line will clear pretty fast, I think, in the next like three, four, five days.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode