Ethereum The highly anticipated Shanghai Capella “Shapella” upgrade has recently been completed. But investors are undecided as to whether there is a risk of large selling.
As we have reported as Koinfinans.com, not all staked assets will be released at the same time. As a matter of fact, according to the latest data of Glassnode, the number of ETH tokens that can be sold immediately after the upgrade can be estimated.
Analyst Alice Kohn, who examined many different metrics related to the network and the token, said that a total of 170,000 ETH will be sold and Ethereum Shapella It predicts that the number of validators coming out will double in the days following its upgrade. As we previously reported, validators will be able to withdraw their holdings for the first time after this post-update transition to proof-of-stake.
Kohn acknowledged that there could be a more extreme outcome following Shapella, where the total accumulated rewards and weekly maximum shares were withdrawn and sold, resulting in the open market of 1.54 million ETH worth approximately $2.95 billion.
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However, the expert is of the opinion that even in this scenario, there is no reason to panic. Because the volume on the sell side is still within the range of the average weekly market entry volume. This is a detail that makes things easier.
Kohn, even the most extreme scenario Ethereum price concluded that it would have an acceptable effect on ETH was trading at $1,916 at the time of this writing and the potential sale is worth more than $325 million.
You can follow the current price action here.