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Over 910,000 ETH are queued to exit the Ethereum PoS network, setting a historical record.
On August 19, according to data from the validator queue tracking website validatorqueue, the current number of Ethereum PoS network exits is reported to be 910,461 coins, valued at approximately $3.91 billion, setting a record for the exit scale in coin terms. At the same time, approximately 268,217 ETH are queued to join the network. Previous reports indicate that this situation reflects two opposing forces in the market: on one hand, some stakers may have chosen to lock in profits after Ethereum's significant rise since the low in April, leading to a surge in the exit queue; on the other hand, new incoming funds driven by regulatory favourable information and institutional demand are also pushing up the entry queue, as public companies like SharpLink Gaming and BitMine Immersion increase their holdings in ETH and participate in staking.