An outrageous $7.7 billion worth of $ETH is currently waiting to be staked on the network.
At time of writing, some 3,631,455 $ETH is queuing to be staked on @Ethereum, worth a little under $7.7 billion based on current prices.
More impressive, however, is the fact that just 4,128 $ETH is waiting to be unstaked...
... a difference of nearly 880x.
There's no conspiracy. Bitcoin is down because people are selling.
"The reason prices are down 50% is because people who held Bitcoin at the start of 2025 have been selling it and writing calls against their position." @Matt_Hougan
Writing calls sells away upside and creates the same price pressure as dumping spot.
🚨 JUST IN: SWIFT, the network moving $21T in payments daily, is collaborating with global institutions including BNY are building on Linea, an Ethereum Layer-2 network!
bitcoin went up to $124k, and zero value was built
Meanwhile, in the same span of time, Ethereum has
- Scaled to 75,000 TPS with L2s
- Tokenization enabling instant 24/7 settlement
- Dominated perp DEX volume
- Companies like JPM, Fidelity, Robinhood, Coinbase, and more all build incredible applications.
- Reached hundreds of billions in stablecoin TVL
- ATH transaction and user activity
Ethereum is digital gold
It’s painful to watch crypto implode, but also kind of exciting to see where the money will flow back to afterwards. It would be insane for investors to go back to Bitcoin. It’s time for Ethereum to take the king of crypto crown.