Breaking
February 17, 2025

More Ethereum (ETH) unstaked amid price weakness, Ethereum Foundation leadership controversy Hristina Vasileva | usagoldmines.com

Ethereum (ETH) is going through another drawdown of staked tokens. This time, the withdrawals are not so sharp, but they have been going on for months. 

More Ethereum (ETH) is getting unstaked in the past months, coinciding with a leadership controversy surrounding the Ethereum Foundation. The recent outflows totaled over 788K ETH, more than a year’s supply of new tokens. 

Since November 7, 2.3% of all staked ETH has been sent back to circulation. Still, over 28% of the supply of ETH has been staked, most often through LidoDAO. 

The withdrawals add to the loss of confidence in Ethereum’s long-term governance. After recent controversy about selling ETH and the launch of a second Ethereum Foundation, the chain is now starting to lose its biggest claim to primacy, the large-scale value locked. 

The withdrawals also follow a decrease in the ETH reward to 2.19% annualized after holding for one year.

At the same time, holding ETH comes with the risk of negative price action. Most ETH staked is based on legacy inflows at a lower price range under $2,000. However, the past year saw inflows of ETH at a higher price. 

Deposits into Beacon Chain are still happening, though inflows slowed down since August 2024. There are also more days with complete withdrawals of stakes from the Beacon Chain contract. 

Ethereum’s chain has selected the metric of ‘economic security’ as its leading indicator of success. A 32-ETH stake is valued at over $125K, a significant barrier against rogue validators and network attacks. After the initial rapid expansion, the chain also carries more than 1M validators. 

Ethereum still has $64.37B in total value locked. However, the metric of economic security does not match recent economic activity. In the first month of 2025, Ethereum lagged behind Solana in terms of fee generation.

Additionally, the value of SOL staked is almost catching up with the ETH held in the beacon chain. The mix of security and recent economic value shows Solana may finally start to displace Ethereum as the go-to chain for fast tokenization.

In January, Ethereum produced $122.9M in fees, surpassed by Solana with $167M in fees, based on Token Terminal data.

Withdrawals affect Coinbase staking mechanism

One of the sources of staking outflows was the Coinbase staking program. While more ETH flowed through Binance staking, Coinbase saw peak outflows. 

Coinbase is the third-largest entity, with over 3.4M ETH staked, valued at over $10B. The centralized exchange is the leader among other market operators, drawing in more than 38% of user deposits. 

Coinbase saw the biggest monthly outflows of staked ETH.
Coinbase saw the biggest monthly outflows of staked ETH. | Source: Dune Analytics

In the past month, Coinbase saw more than 331K ETH withdrawn from staking, showing the shift of interest toward Solana. 

LidoDAO saw the second-biggest outflows, with more than 124K ETH unstaked. A small part of the ETH flowed back into Ether.Fi, Kiln, and Galaxy Digital. LidoDAO is still the biggest liquid staking entity, carrying 89% of ETH for this category of staking, leaving the rest to its smaller competitors. 

Can ETH still recover? 

Ethereum relies on its legacy status, to be used for asset tokenization and institutional chains. Recently, Ethereum became the carrier for Soneium, a new L2 chains of the Sony Corporation. Currently, the Ethereum Foundation is seeking a convincing narrative for holding ETH, as it has found no other use case for the token than liquidating for current expenses. 

Despite the growth of L2, ETH still cannot break into a higher price range, hovering at $3,100 even as BTC and other assets post new price records. 

ETH traded at $3,228.86 after another week of downward price pressure, extending its long trend of losing against BTC. ETH kept sinking as Ethereum supporters switched their avatars to Miladies and tried to move between the ‘ultrasound money’ narrative and being a platform for computation. 

Crowd money is currently neutral on ETH, while smart money is slightly bearish. Ethereum sales also accelerated in January, with pressure from whales and a lower number of buyers. 

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

The Witcher 3 lead quest designer hates some aspects of the game Noor Bazmi | usagoldmines.com

Analysts defend Pi network’s credibility – Binance calls for a PI community vote Florence Muchai | u...

DeepSeek AI Reveals 3 Cryptos Set for 10x Gains in 2025 Tim Hakki | usagoldmines.com

Bitcoin and Ethereum ETFs Faced Outflows, But BlackRock’s IBIT ETF Gains $106M Hassan Shittu | usago...

Tether Signs MoU with Guinea for Blockchain Adoption and Digital Economy Hongji Feng | usagoldmines....

Libra Founder Claims Criticisms Are Due to People Missing Out on Insider Deals Jimmy Aki | usagoldmi...

Missed Out on XRP? Don’t Worry, Mutuum Finance is Here with Even More Potential Cryptopolitan Media ...

Top Cryptos for Long-Term Investment- The Best Digital Assets to Hold Until 2025 Cryptopolitan Media...

Institutional investors hold $27B in Bitcoin ETF shares, controlling over 25% of total AUM Gino Mato...

Crypto News | XRP a ‘Centrally Controlled Security’? John Deaton Disagrees Wayne Jones | usagoldmin...

Crypto News | Bitcoin Sees $430M in Outflows as Market Responds to Fed’s Hawkish Stance Chayanika D...

Crypto News | Best Wallet Hits $10M Milestone in Token Presale as Some Experts Think it Might Explo...

Crypto News | Early Investors Pour $2M into BTC Bull Token Presale – Great Way to Earn Bitcoin Rewa...

Crypto News | User burns 600 ETH to send sci-fi message warning of Chinese use of brain control devi...

Crypto News | HK Asia’s symbolic 1 Bitcoin purchase sparks nearly 93% stock surge Assad Jafri | usag...

FTX Payouts, Trump-Musk Talk, and FOMC Minutes Could Reignite Crypto Market Nidhi Kolhapur | usagold...

Texas Senate’s Bitcoin Reserve Hearing Tomorrow: A Game Changer or Symbolic Move? Nidhi Kolhapur | u...

Breaking: Elon Musk’s DOGE Launches SEC Probe as Ripple Lawsuit Nears End Nidhi Kolhapur | usagoldmi...

AUSTRAC cracks down on 13 remittance and crypto providers Nellius Irene | usagoldmines.com

Is Binance for sale, and to whom? Yi He addresses rumors Florence Muchai | usagoldmines.com

Americans take a different stance, they support Musk’s DOGE Florence Muchai | usagoldmines.com

Cardano Price Eyes Impulse Move After Bearish RSI Divergence Was Invalidated, Here’s The Target Scot...

$415m exits crypto funds, ending 19-week inflow run – CoinShares Vignesh Karunanidhi | usagoldmines....

Corsair CEO believes GTA 6 might come to PC in 2026; the release window is still set for the fall of...

Elon Musk’s D.O.G.E gets access to US taxpayer information Jai Hamid | usagoldmines.com

Shping coin price prediction 2025-2031: Is SHPING a good investment? Aamir Sheikh | usagoldmines.com

Solana Price Slips – Could Upcoming Unlocks Send SOL Below $50? Simon Chandler | usagoldmines.com

Traders Flock to Bitcoin and Layer-1 Assets as Meme Coin Hype Fades Veronika Rinecker | usagoldmines...

Standard Chartered, Animoca Brands & HKT Partner to Launch HKD Stablecoin Hassan Shittu | usagol...

Scammers Impersonate Saudi Crown Prince to Launch Fake Crypto Amid Meme Coin Hype Ruholamin Haqshana...

Mantra Defies the Sell-Off – Could OM Be the Strongest Altcoin in the Market? Alejandro Arrieche | u...

Russia, Iran Use Crypto to Bypass Western Sanctions – Chainalysis Report Veronika Rinecker | usagold...

Pokémon Criminal Syndicate Stealing Crypto ATMs Gets Knocked Down Sead Fadilpašić | usagoldmines.com

Germany’s Central Bank President Advocates for Digital Euro to Bolster Financial Independence Jimmy ...

Binance Coin Faces Strong Selling – Can It Recover and Overtake Ethereum? Alejandro Arrieche | usago...

Bitcoin’s Big Breakout? Fed’s “Not QE, QE” Just Flipped The Switch Jake Simmons | usagoldmines.com

Crypto News | MELANIA Token Unlock Set for February 19-20 – Will Selling Pressure Increase? Chayani...

Crypto News | Metaplanet Buys $25.6M in Bitcoin, Boosting Holdings to 2,031 BTC Wayne Jones | usago...

Crypto News | Major Pi Network (PI) Price Predictions Ahead of Open Mainnet Launch: Possible or Com...

Crypto News | Bubblemaps Exposes LIBRA’s $100M Insider Scheme: Here’s What You Need to Know Chayani...

Crypto News | Avarik Labs Launches Red Covenant, a Strategic Mobile RPG with Blockchain Integration...

Crypto News | Colend Roadmap for 2025: New Features, Subscription model and the First Crypto Credit...

Crypto News | Surrey University’s Blockchain and Metaverse Academy Unveils AI-Powered Vision for th...

Crypto News | Ethereum Price Analysis: $2200 or $3000, Which Comes First for ETH? CryptoVizArt | us...

Crypto News | Bitcoin Trading Between $90K and $105K, but Accumulation Remains Evident Chayanika De...

Crypto News | Sonic Kicks Off $1M Mobius Hackathon Wayne Jones | usagoldmines.com

Crypto News | Federal liquidity increase could boost Bitcoin amid debt ceiling constraints Liam 'Aki...

Crypto News | Phishing attempt strikes FTX creditors on the brink of repayments Oluwapelumi Adejumo ...

Crypto News | Urgent Ethereum Geth patch addresses Merge oversight and prevents financial loss for v...

Crypto News | Argentina’s stock market plummets amid President Javier Milei’s LIBRA memecoin scandal...

XRP Price Poised for 20% Rally as Whales Buy 60M Tokens Chandan Gupta | usagoldmines.com

Washington DC’s economy looks like 2008 – How bad will it get? Florence Muchai | usagoldmines.com

Mutuum Finance: The Low-Cost DeFi Token Defying the Odds and Outperforming Giants Cryptopolitan Medi...

Everything about Javier Milei’s Memecoin ($LIBRA) Victor | usagoldmines.com

MicroGPT: The Latest AI+Crypto Gem to Watch Lawrence Mike Woriji | usagoldmines.com

$LIBRA: From the Creators of $MELANIA? Victor | usagoldmines.com

Milei plans key US trip to seek IMF funds from Trump amid his memecoin blackeye Florence Muchai | us...

Ethereum wallet burns 500 ETH to spread ominous warning about Kuande Investments Hristina Vasileva |...

ADA Price Stagnates as ETF Speculation Grows – Is This the Calm Before the Storm? Simon Chandler | u...

Best Presales This Year as Analysts Predict Bitcoin Bull Run Amidst Market Chaos Krishi Chowdhary | ...

Ethereum Forms A Bullish Pattern – Expert Reveals Short-Term Price Target Sebastian Villafuerte | us...

Fed Could Sell Gold Reserves To Fund Bitcoin Purchases: Bernstein Nidhi Kolhapur | usagoldmines.com

Standard Chartered, Animoca Brands and HKT partner to issue HKD-backed stablecoin Florence Muchai | ...

PancakeSwap price prediction 2025-2031: Is CAKE set to rally? Aamir Sheikh | usagoldmines.com

Eliza founder speaks out after hack causes investor wipeout Ashish Kumar | usagoldmines.com

Crypto Analyst Predicts 1,500% Pump As Litecoin Grows Against Bitcoin Scott Matherson | usagoldmines...

Crypto News | Bitcoin still en route to $1 million amid focus shift to memecoins Liam 'Akiba' Wright...

Crypto News | Now is a great time to consolidate Bitcoin UTXOs to avoid wasting BTC in fees Liam 'Ak...

Crypto News | Metaplanet makes first Bitcoin purchase in 2025, buys 269 BTC Oluwapelumi Adejumo | us...

Crypto Fraud Exposed: LIBRA, MELANIA Linked to $87M Insider Trading Scheme Mustafa Mulla | usagoldmi...

Lutnick’s Role in Trump’s U.S. Sovereign Wealth Fund Revealed: What Does It Mean for Bitcoin? Vignes...

Will FTX’s Final $2 Billion Solana (SOL) Dump Trigger a Crypto Market Crash? Debashree Patra | usago...

Is Pi Coin a Hit or a Scam? Crypto Experts Debate Ahead of Mainnet Launch Zameer Attar | usagoldmine...

Bitcoin Price Prediction 2025: Is $150K Within Reach? McGlone’s Outlook Zameer Attar | usagoldmines....

Elon Musk’s D.O.G.E To Audit U.S Biggest Gold Reserve Says U.S. Senator Mustafa Mulla | usagoldmines...

Big News: Binance Rejects ‘Sale’ Rumors, Claims Smear Campaign by Rival Exchanges Anjali Belgaumkar...

Hong Kong To Launch New Stablecoin As Standard Chartered, Animoca Brands, HKT Join Hand Mustafa Mull...

Saudi Law Conference X Account Hacked to Promote Fraudulent Memecoins Nidhi Kolhapur | usagoldmines....

West Virginia Proposes Bitcoin Reserve Bill Victor | usagoldmines.com

Stablecoins are starting to flow out of Solana after meme token peak Hristina Vasileva | usagoldmine...

XRP’s Biggest Hater Dramatically Changes Tune, Predicts Monstrous Explosion To $24: Here’s Why Brend...

BTC is ‘Generational Opportunity’ as World Nears Total Chaos, Says Bitwise Exec Sead Fadilpašić | us...

Binance Co-Founder Dismisses Sale Rumors, Blames Competitors for Misinformation Ruholamin Haqshanas ...

Worldcoin Launches in the Philippines with World ID Amid Privacy Debate Hassan Shittu | usagoldmines...

11.2 million SOL from the FTX bankruptcy auction to be unlocked in March Florence Muchai | usagoldmi...

Pepe Coin Price Prediction: Can PEPE 100x Again? New Rival Token at $0.01 Looks Like a Smarter Play ...

3 Best Altcoins to Buy After SEC Delays Response to Coinbase Appeal Krishi Chowdhary | usagoldmines....

Pump fun Launches Mobile App Tari | usagoldmines.com

Google updates crypto ad policy in UAE Lara Abdul Malak | usagoldmines.com

MURA and MELANIA memecoin lead token unlocks this week Vignesh Karunanidhi | usagoldmines.com

Astra Nova Partners with Epic Games to Advance AI-Powered Game Development Cryptopolitan Media | usa...

Solana Bearish Trend Deepens: Is $164 Support the Next Stop For SOL? Godspower Owie | usagoldmines.c...

Georgia Moves to Hold Bitcoin Reserves Victor | usagoldmines.com

SEC Discusses ETFs Staking with Jito and Multicoin Victor | usagoldmines.com

Coinbase Partners with Aston Martin F1 in USDC-Paid Deal Victor | usagoldmines.com

State Street and Citi Bank to Offer Crypto Custody Services Victor | usagoldmines.com

Abu Dhabi Wealth Fund Buys $437M in BlackRock Bitcoin ETF Victor | usagoldmines.com

Tether Invests in Juventus Football Club, Expanding into Sports Tari | usagoldmines.com

Hayden Davis exposes Trump and Melania for crypto insider trading alongside other crimes Jai Hamid |...

Italy’s Central Bank Engages Crypto Firms to Address Key Crypto and Cybersecurity Risks  Ruholamin H...

Leave a Reply

<