ETH Staking Exodus Hits 1-Year High โ but New Demand Surges Too
According to @validatorqueue:
๐น Over 519,000 ETH (~$1.92B) are queued for withdrawal
๐น Exit wait time exceeds 9 days, longest since Jan 2024
๐น Likely triggered by price rally & profit-taking
Figmentโs co-founder Andy Cronk:
โWhen prices go up, people unstake to lock in gains โ itโs a cycle weโve seen across retail & institutions.โ
But here's the twist:
๐ธ 357,000 ETH (~$1.3B) are queued for staking entry
๐ธ Entry delay now >6 days, longest since April
๐ธ SEC clarified ETH staking is not illegal, boosting institutional interest
๐ธ Active validator count up 54,000 since May, now nearing 1.1 million
๐ Despite short-term churn, the ETH staking ecosystem remains robust.
