Record-Breaking Staking Trend Triggered by Ethereums Latest Upgrade

　　Kagandahang-loob: CryptoQuant

　　The surge in staking records mirrors the escalating demand for restaking services. EigenLayer, a pioneer in restaking, has soared to a new pinnacle, amassing over $13 billion in Total Value Locked (TVL) and securing the second spot among Ethereum‘s most sought-after applications. With its mainnet launch on the horizon, EigenLayer’s potential success could potentially dethrone the current TVL leader, Lido Finance.

　　The enduring popularity of restaking can be attributed to the allure of airdrops, which users anticipate receiving. The introduction of the Ether.fi restaking initiative in March exemplifies this trend, rewarding restakers with ETHFI tokens. Even before EigenLayer‘s debut, the smallest allocation of ETHFI tokens, valued at over $1,000, showcased the potential gains. EigenLayer, anticipated as Ethereum’s largest airdrop, has sparked fervent trading activity in anticipation of its launch, per the Crypto News Flash report.

　　Ethereum Whales Accumulate, ETH Price Action Ahead

　　Data from the @lookonchain analytics account reveals that two large wallets recently acquired substantial amounts of Ethereum on centralized exchanges and proceeded to make significant purchases over the past three days. However, one of these wallets likely belongs to Jihan Wus company. Meanwhile, as these whales accumulate Ethereum, another sizable wallet has executed a substantial ETH sale on Binance today.

　　According to Lookonchain, two whales have amassed considerable amounts of Ethereum. One of these entities is likely to be Matrixport, the blockchain company founded by former Bitmain CEO Jihan Wu in 2019 as his second entrepreneurial venture.

　　Reportedly, Matrixports wallet has also transferred 22,251 ETH from cryptocurrency exchanges in recent hours, valued at an impressive $80.06 million. Moreover, over the past three days, the same wallet has withdrawn 33,925 ETH, worth $122.06 million at the time of acquisition.

　　Nag-iipon ang mga balyena $ ETH!

　　0xACc7(probably #Matrixport) withdrew 22,251 $ ETH($80.06M) from exchanges in the past 1 hour and has withdrawn 33,925 $ ETH($122.06M) from exchanges in the past 3 days.

　　Ang Whale0x4359″ ay nag-withdraw ng 3,092 $ ETH($11.12M) mula sa #Binance.

　　Currently, Ethereum is surpassing the $3,500 mark and the 100-hourly Simple Moving Average. The initial significant barrier lies around the $3,620 mark. Subsequently, a crucial resistance level happens to be at $3,650, beyond which the price could potentially aim for the $3,720 threshold. crossing this, the ETH price could trigger a rally to $4,000.