Analysis by Binance Research has found that a notable minority of ether holders who staked their ETH in Ethereum's Beacon Chain over the past three years are making money, while the rest are underwater.

More than 16.5 million ether, worth $27.7 billion, has been staked since Beacon Chain went live in December 2020, of which 31% or 5.115 million ETH are in profit while the rest, 11.385 million ETH, are in loss, according to Binance Research.

The loss here means ether's current going market rate is less than the rate prevalent when they were locked in the Beacon chain.

(By Omkar Godbole)

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