Big news? The total supply of ETH across the network is about 120.7 million, and now 38.9 million ETH are locked in staking, accounting for roughly 31%, valued at around $85 billion. In other words, 1 out of every 3 ETH is not circulating in the market. The price of ETH has dropped 55%, but staking volume has hit a new high: This shows that while some are selling, believers are locking their tokens. Another classic battle between bulls and bears. Forget 'in this lifetime,' let's just talk about this year—are you betting ETH will hit $4,000?