Another day, another mid Cointelegraph take. 🙄 The ETH Deposit Contract doesn't track withdrawals. Staked ETH is reminted upon withdrawal but stays "burned" in the supply stats. The address could hold >100% of supply & it’d mean nothing. Watch the % staked, not the contract.
Cointelegraph
@Cointelegraph
02-18
🔥 NEW: Ethereum’s proof-of-stake contract address now holds over 50% of total ETH supply for the first time in its 11-year history, per Santiment.
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