Ethereum 2.0 Stakers Underwater After 75% Crash From November's All-Time High

Ethereum (CRYPTO: ETH ) stakers had locked $39.7 billion in the ETH 2.0 deposit contract in November. Since then, the contract has lost over $25.6 billion in value. What Happened: According to data from blockchain analytics firm Glassnode , the vast majority of ETH stakers are underwater on their investment after ETH’s 75% decline from its all-time high in November of $4,891. #Ethereum 2.0 stakers have deposited over 12.98M $ETH , with 62% of it flowing in before the Nov ATH. However, with $ETH prices collapsing over 78%, and coins unable to be withdrawn, only 17% of staked $ETH is now in profit. — glassnode ... Full story available on