Pledged Ether deposited a net quantity of 97,586 ETH, worth $189 million
05/06 11:00
Following the Ether Shanghai upgrade, Coinbase is by far the largest in terms of entities still waiting to withdraw their pledged funds, with over 55,000 ETH ready to exit. In addition, the net number of pledged Ether is positive, indicating that there are more addresses depositing Ether than withdrawing it. As of today, this figure stands at 97,586 ETH, or $189 million at the day's price. This suggests that people remain very bullish on investing in Ether and receiving additional ETH denominated gains as a result. Some analysts point out that this is also good for the asset as all this Ether is locked up for pledging needs, which means less Ether is sold on the open market.
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