The ETH Queued for Exiting the Ethereum PoS Network Rises to 914,000, While Over 620,000 ETH is Waiting to Join

On August 26th, based on the data from the Validator Queue tracking website "validatorqueue", the current exit queue on the Ethereum PoS network has risen to 914,690 ETH, which is approximately worth $40.3 billion. The withdrawal delay has been extended to 15 days and 21 hours. At the same time, the ETH waiting to join the network is about 623,750 ETH, approximately worth $27.5 billion. It is also showing an upward trend, and the current waiting time in the admission queue is 10 days and 20 hours. Previously reported, this situation reflects the existence of two opposing forces in the market. On the one hand, some stakers may choose to cash out significantly after the sharp rise of Ethereum since the April low, resulting in a surge in the exit queue. On the other hand, new inflows of funds driven by regulatory optimism and institutional demand are also pushing up the entry queue. Listed companies such as SharpLink Gaming and BitMine Immersion have increased their ETH holdings and are staking.