Nansen Casts Doubt on Merge-Initiated Staked ETH Sell-Off

Nansen Casts Doubt on Merge-Initiated Staked ETH Sell-Off


Nansen’s research found other concerning details. Just five entities account for over 64% of all staked ether. Of those, three are exchanges – Coinbase (COIN), Kraken and Binance – accounting for 30% of staked ETH. Lido, an open financial platform run by a decentralized autonomous organization (DAO), holds the largest share of 31% of staked ETH.

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