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$SNDK All take profit
1. The Glamsterdam upgrade goes live at the end of August, with gas fees expected to fall by 78%, reducing on-chain transaction costs and benefiting ecosystem activity.
2. Net staking inflows, with over 740k ETH awaiting staking, while the circulating supply remains deflationary; whales continue withdrawing tokens from exchanges to accumulate, locking up long-term holdings.
3. Institutional ETF capital continues to flow in, with institutional core holdings steadily accumulating, substantially limiting the room for a deep decline.