Big Exit from Ethereum Staking
Ethereum is seeing its biggest wave of validator exits since staking began. Around 693,000 ETH, worth $2.6 billion, is waiting to be taken out. Because so many people are leaving at once, there is now a 12 to 13 - day delay to withdraw.
Why is this happening?
A major reason is that Robinhood is offering a 2% bonus for people who move their crypto to their platform. This bonus is very attractive for people looking to earn more money (yield) from their crypto.
So, many ETH holders are moving their funds to try and get better rewards.
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