The ETH stake exit queue has surpassed 870,000 coins, reaching a record high of 3.9 billion USD.

[Block Rhythm] On August 18, according to data from the validator queue tracking website, the current number of Ethereum PoS network exit queue is reported at 872,893, worth approximately 3.9 billion USD. The amount of ETH waiting to exit has increased for 6 consecutive days, with an exit waiting time of about 15 days and 4 hours.

Meanwhile, about 259,783 ETH are queued to join the network, worth approximately 1.16 billion dollars, with an expected activation delay of about 4 days and 12 hours.

Previous reports indicate that this situation reflects two opposing forces in the market: on one hand, some stakers may have chosen to cash out after a significant rise in Ethereum since the lows in April, leading to a surge in exit queues; on the other hand, new deposits driven by regulatory benefits and institutional demand are also pushing up the entry queues, as publicly traded companies like SharpLink Gaming and BitMine Immersion increase their holdings of ETH and stake.