Ethereum staking (locking crypto to earn rewards) hits $118B record at 30% — one whale (large crypto holder) may skew signal

According to a post by @andjelaradmilac (social media handle), Ethereum staking (locking crypto to earn rewards) reached $118 billion, equal to 30% of coins, while one whale (large crypto holder) may be affecting the signal.

ETH

Summary

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Terms & Concepts
  • Staking: Locking cryptocurrency in a network to help secure it and earn rewards.
  • Whale: A market participant holding a very large amount of a cryptocurrency, potentially influencing metrics or price.