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Sharplink Staking Rewards Hit 21,119 ETH as Network Adds 529 ETH This Week Despite 30% ETH Price Drop

GateNews
On-Chain DataPrice Volatility
SBET5.26%
ETH-0.75%

Sharplink, the second-largest Ethereum digital assets treasury company, has reached 21,119 ETH in total staking rewards, with 529 ETH added this week, according to its official updates.

Despite Ethereum's 30% price decline over the past month (trading at $1,634.58), the network's staking activity remained robust. Total ETH staked increased from 39.1 million at the start of June to over 39.25 million by June 9, marking a new high for the period. The percentage of Ethereum's circulating supply locked in staking rose from 32.1% to over 32.2%, indicating that validators continued to prefer staking over withdrawing.

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