Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH

Ether withdrawals from the Beacon Chain have now hit 1 million ETH worth $2.1 billion, just four days after the April 12 Shapella hard fork pushed Ether to its highest price in 11 months.

Highlights

• Ether has pushed over $2,100 for the first time in 11 months after Shapella hard fork.
• Over 1 million Ether (ETH) worth $2.1 billion has been withdrawn from the Beacon Chain within the first four days of the hard-fork.
• Nearly 87% or 469,000 of the 540,000 active validators are now able to withdraw their staked Ether.
• The figures are of little “surprise” to Lachlan Feeney, chief executive of blockchain consulting and development firm Labrys, who told Cointelegraph that many validators have re-staking Ether back onto the chain.

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