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Apr 17, 2023, 7 tweets

How many of the withdrawn $ETH has been re-staked after the #Shanghai upgrade?

How many were sold off?

We analyze the top $ETH withdrawal addresses and staking addresses.

1. 🧵
Here are some findings.

2.

A total of 1,024,099 $ETH ($2.15B) has been withdrawn.

Here are the top 15 withdrawal addresses:👇

- 3 addresses re-staked $ETH after withdrawal, with a total of 19,844 $ETH.

- 3 addresses transferred $ETH to CEX after withdrawal, with a total of 71,444 $ETH.

3.

Address"0x08De" withdrew 50,956 $ETH, then transferred 5,572 $ETH($11.8M) to Huobi ETH2 Staking address and transferred 45,000 $ETH($95M)

etherscan.io/address/0x08De…

4.

Address"0x2E5f" withdrew 25,855 $ETH and transferred a total of 18,000 $ETH to #Binance and #Kraken.
etherscan.io/address/0x2E5f…

Address"0x4231" withdrew 8,444 $ETH and transferred all 8,444 $ETH to #Kraken.
etherscan.io/address/0x4231…

5.

Address"0xa8c6" withdrew 8,961 $ETH and transferred to address”0xD100” to re-staked.
etherscan.io/address/0xa8c6…

Address"0x4B5E" withdrew 5,434 $ETH and re-staked 5,408 $ETH.
etherscan.io/address/0x4B5E…

6.

A total of 158,592 $ETH ($333M) has been withdrawn after the #Shanghai upgrade.

Here are the top 20 staking addresses:👇

There are 13 addresses that re-staked after withdrawing $ETH, with a total of 34,198 $ETH ($72M) staked.

7.

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