{"id":77330,"date":"2023-04-17T13:14:43","date_gmt":"2023-04-17T10:14:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77330"},"modified":"2025-09-10T22:41:45","modified_gmt":"2025-09-10T19:41:45","slug":"over-1-million-eth-withdrawn-from-staking-after-shapella-activation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/over-1-million-eth-withdrawn-from-staking-after-shapella-activation\/","title":{"rendered":"Over 1 million ETH withdrawn from staking after Shapella activation"},"content":{"rendered":"<p>The amount of Ethereum (ETH) withdrawn from <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> since <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-activates-shapella-hard-fork-on-mainnet\">the activation of the Shapella hard fork<\/a> has surpassed 1 million coins.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"402\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/The-Best-Ethereum-Shanghai-Upgrade-Massive-Unlock-Dashboard-Google-Chrome-1024x402.jpg\" alt=\"The-Best-Ethereum-Shanghai-Upgrade-Massive-Unlock-Dashboard-Google-Chrome\" class=\"wp-image-204522\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/The-Best-Ethereum-Shanghai-Upgrade-Massive-Unlock-Dashboard-Google-Chrome-1024x402.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/The-Best-Ethereum-Shanghai-Upgrade-Massive-Unlock-Dashboard-Google-Chrome-300x118.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/The-Best-Ethereum-Shanghai-Upgrade-Massive-Unlock-Dashboard-Google-Chrome-768x301.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/The-Best-Ethereum-Shanghai-Upgrade-Massive-Unlock-Dashboard-Google-Chrome.jpg 1501w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Token Unlocks.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/token.unlocks.app\/ethereum-shanghai\">Token Unlocks<\/a>, users withdrew 1.04 million ETH, while inflows into the deposit contract amounted to 377,620 ETH. The total balance of coins in staking at the time of writing fell by about 657,990 ETH, to around 17.3 million.<\/p>\n<p>According to <a href=\"https:\/\/beaconcha.in\/validators\/withdrawals\">beaconcha.in<\/a>, 487,549 withdrawal transactions have been executed.<\/p>\n<p>Lookonchain analysts, after tracing some large withdrawals, found that part of them were immediately re-staked. This involved the owners of three addresses with a combined balance of 19,844 ETH, as well as a tranche of 13 wallets with 34,000 ETH.<\/p>\n<p>However, 71,444 ETH, for example, were sent to centralised exchanges.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">2.<\/p>\n<p>A total of 1,024,099 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($2.15B) has been withdrawn.<\/p>\n<p>Here are the top 15 withdrawal addresses:?<\/p>\n<p>\u2014 3 addresses re-staked <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> after withdrawal, with a total of 19,844 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>.<\/p>\n<p>\u2014 3 addresses transferred <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> to CEX after withdrawal, with a total of 71,444 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>. <a href=\"https:\/\/t.co\/CZ7zJXv3tm\">pic.twitter.com\/CZ7zJXv3tm<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1647833610576343040?ref_src=twsrc%5Etfw\">April 17, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">CoinGecko<\/a>, trading volumes in Ethereum after the upgrade rose. However, this occurred amid <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-crosses-above-2000-for-the-first-time-since-august-2022\">a rise in the cryptocurrency&#8217;s price<\/a>, which, as of writing, remains near $2,100. Trading activity on platforms has meanwhile returned to pre-upgrade levels.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-195.webp\" alt=\"image-195\" class=\"wp-image-204521\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/query.nansen.ai\/public\/dashboards\/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ\">Nansen<\/a>, the leaders by expected ETH withdrawal volumes from staking <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-staking-withdrawal-queue-surpasses-1-million-eth\">are Kraken<\/a>, Binance and Coinbase. However, the largest withdrawals from the deposit contract were by Lido, Binance and several large wallets.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"750\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-195-1024x750.png\" alt=\"image-195\" class=\"wp-image-204519\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image-195-1024x750.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image-195-300x220.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image-195-768x562.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image-195.png 1087w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Nansen.<\/figcaption><\/figure>\n<p>Analysts at JPMorgan Chase and Fidelity Investments <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-and-fidelity-weigh-shapella-hard-forks-impact-on-ethereum-price\">have diverged in their assessment<\/a> of the potential impact of Shapella on Ethereum prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amount of ETH withdrawn from staking since the Shapella hard fork activation has surpassed 1 million coins.<\/p>\n","protected":false},"author":1,"featured_media":77331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,46],"class_list":["post-77330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77330"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77330\/revisions"}],"predecessor-version":[{"id":77332,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77330\/revisions\/77332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77331"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}