🔥 Ethereum Exit Queue Grows—$2B in ETH Awaits Withdrawal! ⏳📤

After the recent 160% rise, Ethereum validators had to wait nine days to leave.

The validator queue s how 521,252 ETH are waiting to leave the Ethereum network.

It takes three days longer for validators to leave the Ethereum network than for new validators to join.

A lot of validators are leaving the Ethereum (ETH) network because they are waiting in line to leave with their staked ETH. After Ethereum's price went up 160% in the previous four months, validators' feelings have changed. There seems to be less demand since there has been a sudden increase in new validators and the ETH staking line is not moving faster than the exit queue.

Since hitting a low of $1,385 on April 9, Ethereum has risen more than 160% in the previous four months. The 26% bullish run, on the other hand, went beyond the $3,700 barrier last week, which was a cue for Ethereum validators to get out.

Validator Queue's statistics reveal that the number of ETH waiting to leave the network has risen from 1,920 ETH last week to 521,252 ETH worth $1.95 billion. The huge quantity of ETH that is waiting to leave the network makes the wait time go from 0.03 days last week to almost nine days on Wednesday.

But the growing demand for external validators who want to join the network is slowly catching up. The Validator entrance wait time is six days, and the amount of ETH is 359,557, which is worth around $1.33 billion.

In the middle of all the commotion, the huge rise in the number of active validators on Ethereum leveled out at 1,093,671, down from a high of 1,096,339 on Thursday. At the time of writing, it's important to note that 35.67 million ETH is staked on the network.

Also, the Coinglass data reveals that the ETH Open Interest (OI) is $55.89 billion, which is close to the all-time high of $57.69 billion that was set on Tuesday.

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