Over 80% of People Who Stake Ethereum (ETH) Now Are Losing

As this image from Parsec Finance founder Will Sheehan shows, over 80% of people who stake Ethereum (ETH) are now losing money.

As pictured, only 17% of Ethereum stake holders are profitable. Because they bought the coin at a price less than the current price.

The launch of the Ethereum Stake on the Beacon Chain started when the coin was trading around $600 in December 2020. Since then, the ETH price has hit $4000 and hit a record high of $4891.

As the picture shows, the vast majority of current stake holders stake their ETH at $2,500 and $3,500, respectively.

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