ETH

Unstaking requests for ETH are at an all-time high – Upcoming wave of sales on Ethereum?

Unstaking requests are at an all-time high on Ethereum (ETH). As the cryptocurrency has just grazed its all-time high, this could suggest massive sales from holders.

The trend was noted by Charles Guillemet, the CTO of Ledger. He explains on X that the queue to unstake ETH is reaching an all-time record. This means that many stakers are requesting to unlock their tokens.

According to data shared by Validatorqueue, the withdrawal queue reached over 767,500 units as of August 15. The entry requests total 324,500 units