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Ether has completed the Shanghai upgrade and the current total Ether pledge is 18.166 million ETH

Ether has completed the Shanghai upgrade and the current total Ether pledge is 18.166 million ETH

2023/04/12 22:40

According to a blog post by the Ether Foundation protocol support team, three phases of ETH sell-off are predicted. 
The first phase is within 27 hours of the upgrade and the sell-off comes from partial withdrawals (i.e. interest accrued over the years) of approximately 8.4-12.5 million ETH per day, per day. 
The second phase is the 3rd to 4th day after the upgrade and has the highest potential sell-off from partial withdrawals (interest) and full withdrawals (full 32 ETH) at 136,000 and 173,000 ETH per day respectively. 
The third phase of the sell-off is mainly from full withdrawals and will last from 19 to 52 days with a sell-off of about 48,000-53,000 ETH per day.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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