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