Ethereum PoS Network Sees Surge in Exit Queue as ETH Price Rises

According to BlockBeats, the Ethereum Proof-of-Stake (PoS) network has experienced a significant increase in its exit queue, with 498,313 ETH currently awaiting withdrawal. This surge coincides with Ethereum's price surpassing $4,300, bringing the total value of the queued ETH to approximately $2.147 billion. The estimated waiting time for exiting the network is around 8 days and 16 hours. In contrast, the number of ETH waiting to join the network has decreased substantially to approximately 4,801 ETH, valued at around $20.68 million. This marks a significant drop from the recent peak of 435,000 ETH. The expected activation delay for new entries into the network is approximately 2 hours.