
Shappella upgrade propels Ethereum above $2,100
Data from Token Unlocks showed that validators had withdrawn over 265,000 Ethereum at press time as ETH price soared.
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The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

Post-Shanghai upgrade data shows that stakers are removing rewards — but intend to stay on the network as validators.

The upgrade allows validators to withdraw staked funds for the first time.

Blockchain analytical firm Glassnode predicts that 170,000 ETH could be sold after the Shanghai upgrade.

Blockchain investigator Lookonchain reported that a whale — Blockchain Capital — profited over $2 million from selling liquid staking tokens.

Ethereum is down very slightly pending an event that will gradually unlock staked ETH.