Regulatory forced Kraken exits make up the majority of ETH principal withdrawals

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 This amounts to 64.1% of the principal withdrawn (489,759) ETH.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• The outstanding amount of ETH waiting for the full- exit (staked ETH waiting to be withdrawn) is 620,377 ETH, and 19,348 validators are waiting for the full exit.

The post Regulatory forced Kraken exits make up the majority of ETH principal withdrawals appeared first on CryptoSlate.