Approximately $1.9 billion USD worth of ETH is queuing to exit the Ethereum PoS network, while approximately $1.3 billion USD worth of ETH is queuing to join.

Data shows that the Ethereum validator exit queue has surged in the past week, with approximately 521,000 $ETH (worth approximately $1.9 billion at current prices) waiting to exit the Ethereum network. The number of $ETH requested to exit has increased significantly since July 16, and the exit waiting time has been extended to 8 to 9 days, the longest waiting time since the beginning of 2024. At the same time, more than 359,500 $ETH are queued to join the network, worth approximately $1.3 billion, with an expected activation delay of approximately 6 days. This situation reflects two opposing forces in the market: on the one hand, some stakers may be choosing to take profits after Ethereum rebounded 162.00% from its April low, leading to a surge in the exit queue; on the other hand, new deposits driven by regulatory benefits and institutional demand are also pushing up the entry queue, such as listed companies like SharpLink Gaming and BitMine Immersion increasing their $ETH holdings and staking. (The Block) [Odaily]