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Ethereum is fast approaching a very particular flippening. No, ether isn’t about to eclipse bitcoin in terms of market cap (at least, not yet). Instead, the raw number of The Flippening refers to the potential future event when Ethereum's (ETH) market cap surpasses that of Bitcoin's (BTC). It signifies a paradigm shift, where Ethereum would take the crown as The term Flippening refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency. At 100% they both have the same market capitalization. In June 2025, a different kind of ‘flippening’ occurred with the amount of ETH being staked surpassing ETH on exchanges. Since November 2025, there has been a 31% decrease in Ethereum is exploding, thanks in large part to Smart Contracts, DeFi and NFTs. Meanwhile Bitcoin has been strangely stagnant for the last few months. Is there a According to data from analytics firm Nansen, a total of 23.3 million Ether was staked as of June 27, amounting to $43.1 billion at the time of writing and representing As of the weekend, 22.8k ETH was locked on the network. Contrarily, the balance on exchanges stood at 24.3k. Commenting on when to expect a flip, Nansen CEO Según datos de la empresa de análisis Nansen, un total de 23.3 millones de Ether estaban bloqueados a la fecha de 27 de junio, lo que equivale a USD 43,100 millones al 19 de sept. de 2025 With The Merge in the rearview mirror, some in the Ethereum space have turned their focus to the possibility of the flippening. Judging by Ethereum's footprint in NFTs

Ethereum Flippening Watch: 23 Million ETH Staked – Is Ethereum About to Overtake Bitcoin?

Ethereum is fast approaching a very particular flippening. No, ether isn’t about to eclipse bitcoin in terms of market cap (at least, not yet). Instead, a different kind of "flippening" is gaining traction: the shift in staked ETH versus ETH held on exchanges.

What is "The Flippening"?

The term Flippening refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency. The Flippening refers to the potential future event when Ethereum\'s (ETH) market cap surpasses that of Bitcoin\'s (BTC). At 100% they both have the same market capitalization. It signifies a paradigm shift, where Ethereum would take the crown as cryptocurrency leader. While the market cap "Flippening" remains a future possibility, other significant shifts are already happening within the Ethereum ecosystem.

23 Million ETH Staked: A Major Milestone

According to data from analytics firm Nansen, a total of 23.3 million Ether was staked as of June 27, amounting to $43.1 billion at the time of writing and representing Según datos de la empresa de análisis Nansen, un total de 23.3 millones de Ether estaban bloqueados a la fecha de 27 de junio, lo que equivale a USD 43,100 millones al 19 de sept. de 2025. As of the weekend, 22.8k ETH was locked on the network. Contrarily, the balance on exchanges stood at 24.3k.

Staked ETH Surpassing ETH on Exchanges

In June 2025, a different kind of ‘flippening’ occurred with the amount of ETH being staked surpassing ETH on exchanges. Since November 2025, there has been a 31% decrease in Ethereum held on exchanges, indicating a growing confidence and commitment to staking within the Ethereum community.

Ethereum\'s Exploding Ecosystem

Ethereum is exploding, thanks in large part to Smart Contracts, DeFi and NFTs. Meanwhile Bitcoin has been strangely stagnant for the last few months. Is there a future where Ethereum\'s diverse applications and vibrant ecosystem propel it to the top? With The Merge in the rearview mirror, some in the Ethereum space have turned their focus to the possibility of the flippening. Judging by Ethereum\'s footprint in NFTs\', and DeFi, the potential is certainly there. Commenting on when to expect a flip, Nansen CEO believes these trends will continue to shape the landscape.

Is the Flippening Inevitable?

While the market cap Flippening remains uncertain, the growth of staked ETH signals a powerful shift in the Ethereum landscape. The increasing scarcity of ETH on exchanges, coupled with the expansion of DeFi, NFTs, and smart contract applications, paints a compelling picture for Ethereum\'s future. Keep an eye on these trends as Ethereum continues its journey to potentially overtake Bitcoin as the dominant cryptocurrency.