As we know that the minimum requirement for trigger the phase 0 of ETH 2.0 is 524,288 ETH. This requirement has met this week, this means they will launch the phase 0 on the 1st of December 2020.

However, the Ethereum Investors are still sending Ethereum to the ETH2.0 deposit address. According to the on-chain data, the staking contract now holds more than 775,500 ETH. This balance in staking contract address is approximately 150% of the 524,288 ETH.

Nearly $400M in Ethereum is locked in the ETH2.0 contract address, this would definitely benefits the price change in Ethereum. The locked ethereum is approximately 0.8% of the total circulating supply of ethereum.

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