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Former Ark Invest Director Chris Burniske Eases Ethereum Holders’ Concerns Over Shanghai Upgrade

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Former Ark Invest Director Chris Burniske Eases Ethereum Holders’ Concerns Over Shanghai Upgrade

According to reports, Chris Burniske, a former Ark Invest encryption director, posted a message on social media aimed at alleviating Ethereum holders’ concerns about the impact of Shanghai’s activation on the token economy. The Ethereum community believes that the upgraded market in Shanghai will release a large amount of ETH, which will affect prices. However, Chris Burniske said that the Shanghai upgrade will help Ethereum pledge “de risk”, because at this stage, ETH pledge is still in its infancy, with only 15% of ETH pledged. After the Shanghai upgrade, it is expected that more ETHs will be locked. The amount of ETH locked in pledge contracts may increase by 100-300% in the coming quarters, so there will be no panic selling.

Former Ark Invest Encryption Director: It is expected that more ETHs will be locked after the upgrade in Shanghai

Analysis based on this information:


Former Ark Invest director Chris Burniske recently posted a message on social media aimed at alleviating the concerns of Ethereum holders regarding the Shanghai upgrade and its potential impact on the token economy. The Ethereum community has expressed concerns that the upgrade in Shanghai will release a substantial amount of ETH, which could negatively impact its price. However, Burniske believes that the Shanghai upgrade will help Ethereum “de-risk” its pledge system.

At present, only 15% of ETH has been pledged, and the pledge system is still in its early days. However, Burniske believes that after the Shanghai upgrade, the amount of ETH locked in pledge contracts may increase by 100-300% in the coming quarters. He believes that this increase will help de-risk the pledge system, and there will be no panic selling.

Burniske’s message is a positive one for Ethereum holders. The Ethereum community has been concerned about the impact of the Shanghai upgrade on the token economy, and Burniske’s comments should help to reassure holders. The pledge system is an important part of the Ethereum ecosystem, and increasing the amount of ETH locked in pledge contracts should provide greater stability to the system.

The Shanghai upgrade is expected to be a significant event for the Ethereum ecosystem. It is anticipated that the upgrade will bring many improvements to the platform and help to increase its adoption. However, the impact of the upgrade on the price of ETH has been a concern for many holders. Burniske’s message should help to ease these concerns and provide greater confidence in the potential of the Ethereum ecosystem.

In conclusion, Chris Burniske’s recent message concerning the Shanghai upgrade and its impact on the Ethereum ecosystem is a positive development for Ethereum holders. The increase in the amount of ETH locked in pledge contracts should help to de-risk the system and provide greater stability to the ecosystem. With the Shanghai upgrade expected to bring many improvements to the platform, the future looks bright for Ethereum.

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