Nansen’s research found other concerning details. Just five entities account for over 64% of all staked ether. Of those, three are exchanges – Coinbase (COIN), Kraken and Binance – accounting for 30% of staked ETH. Lido, an open financial platform run by a decentralized autonomous organization (DAO), holds the largest share of 31% of staked ETH.
Nansen Casts Doubt on Merge-Initiated Staked ETH Sell-Off
