More Than 80% of Ethereum Stakers Are in the Red
Just a small minority of investors that staked Ethereum on the Beacon Chain are still in profit as the asset continues to tumble.
A whopping 83% of Ethereum stakers are now underwater, according to research by Parsec Finance founder Will Sheehan. As Ethereum prices teeter around the $1,000 level, that number could rapidly increase should it drop into three digits.
On July 1, Sheehan posted a chart revealing that just 17% of Ethereum stakers are still in profit. Those would have been the ones that staked while prices were below current levels. The majority staked while ETH was priced between $2,500 and $3,500 according to the chart.
The chart only shows staking entry prices and does not account for the additional rewards in ETH, which are currently around 4.2% APY.