• The total amount of ETH being staked at present has risen to over a staggering 32.8 million ETH, more than $100 billion.

• The number of Ethereum being received on exchanges has sharply declined, which means investors are less likely to sell and have more faith in the coin.

• Because ETH price is rising, people are staking more, and exchange supply is falling.

The number of Ethereum staked has reached an impressive level of 32.8 million. This is the biggest quantity ever for it and it means that more than $100 billion worth of ETH is not circulating anymore.

Crypto expert Merlijn The Trader pointed this development out on June 7, 2025. He said that while many people are still focused on meme coins and risky bets, big investors, often called “smart money”, are quietly buying and locking up Ethereum.

He believes this rise in staking is being missed by most of the crypto world and warned people not to ignore.

Source: X @Merlijn The Trader

A chart shared with his post shows a steady and strong increase in staked ETH. Many people believe in Ethereum’s progress and are therefore opting to invest rather than simply trade, which explains why the price has kept increasing.

Also, CryptoQuant reported a big drop in the amount of Ethereum being moved to exchanges between June 6 and June 7.

On June 6, over 900,000 ETH were sent to exchanges. But by June 7, that number had dropped sharply to about 173,200 ETH. Usually, when more ETH is sent to exchanges, it means people might be getting ready to sell.

Source: X @ CryptoQuant

This sudden drop suggests fewer people are looking to sell, which fits with the trend of more ETH being staked for the long term. Interestingly, fewer people are sending Ethereum to exchanges at the same time its price has gone up to about $2,490. 

Many factors can affect price, but when less ETH is available on exchanges and more is being staked, it usually means investors are choosing to hold instead of selling. This often helps support higher prices in the future.

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