Ethereum is showing signs of growth in the crypto market. Over 34 million ETH are staked, creating a supply shortage and supporting the theory of a deflationary economy.
Status of Ethereum Staking
As of now, over 34 million ETH are staked, reducing liquid supply and aligning with the concept of Ethereum as "ultrasound money." Analyst Crypto Patel noted that this long-term lock-up contributes to a deflationary environment for ETH. According to him, Ethereum is currently in an accumulation zone near key bear market support levels.
Whale Transactions by ConsenSys
A wallet linked to ConsenSys purchased $320 million worth of ETH from Galaxy Digital within 24 hours. Arkham data indicates that large transactions included: 14,278 ETH worth $37.46 million, 8,483 ETH worth $22.24 million, and 48,000 ETH valued at $115.53 million. The recipient wallet, previously inactive, now shows significant deposits and staking through Liquid Collective.
Changes in the Ethereum Foundation
The Ethereum Foundation (EF) has implemented a new treasury strategy to improve financial stability. Director Hsiao-Wei Wang confirmed that the foundation's financial runway is just 2.5 years. In response, EF is aligning treasury allocations with operational costs and real-time market data. The foundation's last public report, dated October 31, 2024, recorded $970.2 million in total assets.
Recent changes in the Ethereum ecosystem and large transactions confirm growing interest in this cryptocurrency and may indicate its potential for the future.
