Over 788,000 ETH is currently queued to exit the Ethereum PoS network, setting a new record.

On August 15th, based on the data from the Validator Queue tracking website validatorqueue, the current exit queue on the Ethereum PoS network is temporarily reported to be 788,624 ETH, which is approximately worth $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 existence of two opposing forces in the market: on one hand, some stakers may be cashing out after Ethereum rebounded by more than 160% from the April low, resulting in a significant 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. Listed companies such as SharpLink Gaming and BitMine Immersion are increasing their ETH holdings and engaging in staking.