Regulatory forced Kraken exits make up the majority of ETH principal withdrawals
Roughly, 64% of all Ethereum principal withdrawals have come from Kraken — amounting to almost 500,000 ETH.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- It has been two weeks since the Shappela upgrade, and Ethereum (ETH) had broken $2,000.
Staked ETH deposits have outpaced withdrawals over the past 24 hours. The results are below;
- Deposits: 121,806 ETH
- Withdrawals: 28,762 ETH
- Net: 93,044 ETH
Withdrawals
- However, most interestingly, ETH principal withdrawals (all-time) have come from Kraken — which was a regulatory forced exit. This amounts to 64.1% of the principal withdrawn (489,759) ETH.
- While the all-time withdrawal, including rewards, is again spearheaded by Kraken 598,815 ETH — a total of 35.3%.
- The outstanding amount of ETH waiting for the full- exit (staked ETH waiting to be withdrawn) is 620,377 ETH, and 19,348 validators are waiting for the full exit.
