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Over 788,000 ETH is currently queued to exit the Ethereum PoS network, setting a new record.
BlockBeats News, August 15th, according to the Validator Queue tracking website validatorqueue data, the current Ethereum PoS network exit queue is temporarily reported to be 788,624 ETH, worth approximately $36.51 billion, setting a record for the largest exit queue in terms of coin value.
At the same time, about 332,846 ETH are queued to join the network.
Previously reported, this situation reflects the presence of two opposing forces in the market: on the one hand, some stakers may be cashing out after Ethereum rebounded over 160% from the April low, leading to a sharp increase in the exit queue; on the other hand, new inflows of funds driven by regulatory optimism and institutional demand are also boosting the entry queue, with listed companies like SharpLink Gaming and BitMine Immersion increasing their ETH holdings and staking.
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