As Ethereum's Merge approaches, a DeFi educator says the PoS transition won't be a negative price catalyst.
about the assumption that the 12.7 million ether will immediately be unlocked and dumped after The Merge.
“I’ve noticed some people consider The Merge as a negative price catalyst due to a supposed huge [ethereum] unlock — This is wrong,” Korpi explained on Twitter. “Staked [ethereum] won’t be unlocked at The Merge. The Merge won’t enable withdrawals. This is planned for another Ethereum upgrade which may take place 6-12 months after The Merge. In other words, both staked [ethereum] and staking rewards will not enter the circulation for a long time,” Korpi added.
Unlocked [ethereum] will be released slowly. Even when withdrawals are enabled, all staked [ethereum] won’t be immediately available. There will be an exit queue which may take more than a year in the worst-case scenario or several months in a more realistic one. [The] release will be slow.Just recently, on June 4, at block height 14,902,285, Ethereum’s hashrate
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