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Ethereum PoS Network Experiences Fluctuations in Exit and Entry Queues

06/08 15:23

According to BlockBeats, the Ethereum Proof-of-Stake (PoS) network is currently experiencing changes in its validator queues. As of now, the exit queue reports 443,164 ETH, valued at approximately $1.612 billion, with the number of ETH waiting to exit having decreased for four consecutive days. The estimated waiting time for exiting is around 7 days and 17 hours. Simultaneously, about 95,626 ETH, worth approximately $347 million, are queued to join the network, with an expected activation delay of about 1 day and 16 hours. This situation reflects two opposing market forces. On one hand, some stakers may be opting to secure profits after Ethereum's rebound of over 160% since its April low, leading to a surge in the exit queue. On the other hand, new funds driven by regulatory benefits and institutional demand are increasing the entry queue, with companies like SharpLink Gaming and BitMine Immersion boosting their ETH holdings and engaging in staking activities.

Bullish

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