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WARNING: You Won’t Be a Millionaire by Tomorrow – The Devastating Truth About Ethereum’s Toxic Staking Habit

A  illustration of an Ethereum blockchain being pulled down by weights labeled 'high expectations' and 'market volatility', with broken chains and shattered coins scattered around the background.

Stake Your Wallet, Lose Your Shirt? Ethereum’s Staking Conundrum: A Crypto Bro Enabler’s Nightmare Come True.

Source: cointelegraph

Almost a third of all Ether has been staked as tokenholders show long-term interest in the crypto asset and the rewards they can reap.  On Oct. 8, onchain data provider IntoTheBlock said that 28.9% of all Ether (ETH) had been staked. The data platform highlighted that in January, the percentage of ETH stake was at 23.8%, which means that an additional 5.1% of all ETH was staked in the last […]

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