
The Ethereum (ETH) course has been going like a rocket lately, and that moves people to sell their coins. This is also apparent from the greatest validator exodus from the history of the crypto world. Validator-Exodus may sound exciting, but those are simply people who get their Ethereum out of strike contracts to be able to sell them again.
1 million Ethereum leaves strike contracts
At the moment there are 1 million ethers in line to leave the strike mechanism. This involves about 5 billion dollars on Ethereum. In total, people now have to wait 18 days and 16 hours to be able to release their Ethereum from the strike protocol.
So there is also a kind of mechanism built in to prevent everyone from doing that at the same time and dumping Ethereum. Yet it will cause sweaty hands with people who want to sell at the moment.
We must also not forget that Ethereum has risen by 72 percent in the last three months. In that respect it is not surprising that many people decide to sell part and secure some profits.
According to Marcin Mazmierczak, co-founder of Redstone, it is very healthy to see that many people now want to release their ethers. “It is crucial to understand that these exits are fading at the institutional capital that flows towards Ethereum,” said Mazmierczak.
Ethereum remains the Liquidity Magnet of the Industry
Although the row to get Ethereum from the strike contracts is huge, the number two in the market remains a magnet for liquidity, says Iliya Kalchev from Nexo.
He also quotes a prediction from the Standard Chartered investment bank, who, according to him, stated that Ethereum remains undervalued at the current levels. They still expect a target of $ 7,500 for the Ethereum course before the end of 2025.
In the end we all have to see it of course. Much also depends on the further development of the macro-economic situation. For the time being, it will remain in favor of risk investments, after the US Central Bank also seems to be ready for interest rates.
Source: https://newsbit.nl/grote-zorgen-over-mogelijke-verkoop-van-5-miljard-aan-ethereum/