Ethereum Foundation Stakes $93M in ETH as Glamsterdam Upgrade Targets June Launch
The Ethereum Foundation completed its 70,000 ETH staking target in a single session. With Glamsterdam set for June, historical patterns suggest a pre-upgrade rally.
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Launch Free Terminal →The Ethereum Foundation just deposited the bulk of its planned staking commitment in a single session, completing a 70,000 ETH target first announced in February. At current prices around $2,050, that is approximately $143 million in ETH now generating staking yield instead of sitting idle in the treasury.
This is significant for two reasons. First, it signals that the Foundation is confident enough in the network to lock up a substantial portion of its holdings for yield. Second, it removes sell pressure. Those 70,000 ETH are now staked and will not hit the market anytime soon.
The timing aligns with the Glamsterdam upgrade, currently in final testing and targeted for a June 2026 launch. Historical data shows a clear pattern with Ethereum upgrades. The Merge in September 2022 triggered a 35% rally starting two months before the event. The Shanghai staking withdrawal upgrade in April 2023 drove a 40% rally. The Dencun upgrade in March 2024 pushed ETH up 20% in the weeks leading to the event.
If history repeats, the Glamsterdam upgrade could spark a similar pre-event rally starting in mid-April. ETH currently trades in the $1,900 to $2,100 range. A 20 to 35% move from current levels would put ETH between $2,400 and $2,800 by June.
The AI token sector is providing an interesting contrast. While ETH struggles near $2,000, AI tokens have been the only sector posting positive returns over the past month. Bittensor (TAO) is up 67%, Render up 21%, and FET up 44%. The combined AI token market cap grew from $14 billion to $19 billion in a single month. Grayscale just filed an S-1 for a TAO Trust, further legitimizing the sector.
On Buildix, you can track ETH orderflow in real time through the deep view. The current VPIN reading shows moderate informed flow, and the Deribit options dashboard shows a put/call ratio of 0.48, firmly bullish. Watch these metrics as April progresses and the Glamsterdam narrative builds.
Check ETH options data at buildix.trade/options and the full deep view at buildix.trade/pair/ETH.