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Approximately $1.9 Billion Worth of ETH in Queue to Exit Ethereum PoS Network, While $1.3 Billion Worth of ETH Waiting to Join
Summary: According to The Block, data shows that Ethereum validators exiting the queue has surged in the past week, with approximately 521,000 ETH (worth around $1.9 billion at current prices) waiting to exit the Ethereum network. Since July 16, the number of ETH requests to exit has significantly increased, with exit wait times now extended to ...
According to The Block, data shows that Ethereum validators exiting the queue has surged in the past week, with approximately 521,000 ETH (worth around $1.9 billion at current prices) waiting to exit the Ethereum network. Since July 16, the number of ETH requests to exit has significantly increased, with exit wait times now extended to 8 to 9 days, the longest wait time since early 2024. Meanwhile, over 359,500 ETH, worth around $1.3 billion, are in queue to join the network, with an estimated activation delay of about 6 days. This situation reflects two opposing forces in the market: some stakers may be cashing out after Ethereum rebounded 162% from its April low, leading to a surge in exit queue, while new inflows of funds driven by regulatory optimism and institutional demand are also boosting entry queue, with companies like SharpLink Gaming and BitMine Immersion increasing their ETH holdings and staking.
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Link: Approximately $1.9 Billion Worth of ETH in Queue to Exit Ethereum PoS Network, While $1.3 Billion Worth of ETH Waiting to Join [Copy]
