412 Will there be heavy selling pressure after Shanghai upgrades? There are rumors outside that some people have made profits three or four times, and there is a lot of selling pressure. Let’s take a look at the data to see how big the profits are🙈

The percentage of ether that is staked has been steadily increasing and now reaches over 14% of the total supply. People have been worried about the heavy selling pressure after the Shanghai upgrade. However, at the current price, more than half of the pledged EHT (9.7 million out of 17.9 million) are currently losing money because the current price is lower than the price of their pledge. The average price for all EHT staking remains higher than the current price.

Lido, the largest staking service provider, accounts for about 32% of all pledges, with an average floating loss of nearly 20%. This figure was 30% a month ago. Those who make profits may not necessarily be sold, and even if they need to cash out, there are countless ways to do so, not to mention that more than half of them are floating losses. 👾