The price of Ether (ETH) is up 12.91% to $600.01 ahead of the scheduled date for the Ethereum 2.0 launch. ETH has been increasing as investors deposit into the contract deposit address for the launch.
Already delayed for nearly a year, the Ethereum 2.0 upgrade is now scheduled to launch on the 1st of December. For a successful launch, the Ethereum 2.0 contract requires a deposit of 524,888 ETH.
On the 10th of November, Dune Analytics said that only 10,000 ETH were deposited into the contract. The amount represented about 9.7% of the total ETH required. The analytics company added that 249 “unique depositors made the deposits.” Of the unique depositors, the largest deposit was from Ethereum co-founder Vitalik Buterin.
About a week later, Dune Analytics revealed that the deposited ETH was just about 97,664, which equals 18.63% of the required amount for the upgrade.
Before now, Ethereum Foundation core researcher Danny Ryan had explained that the required amount of ETH must be met a week before the scheduled day of launch. This means that the required deposit for launch must be completed on the 24th of November to avoid further delays.
At press time, data by Dune Analytics 323,689 ETH has been sent to ETH 2.0 deposit contract. The deposited ETH shows 60.71% of the total amount of ETH required for the launch of Ethereum 2.0.
However, more recent data by Etherscan that the amount of deposited ETH into the contract is now 351,584. If the ETH deposits do not reach the required amount, the launch of Ethereum 2.0 may be postponed again.
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