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Ether stumbles as ETH validator exit queue hits 18-month high

2025-07-24 04:25:38

Main Idea

Ether's price dropped as the validator exit queue reached an 18-month high, with $2.3 billion worth of ETH awaiting unstaking, while active validators and staked amounts remain at record levels.

Key Points

1. The ETH validator exit queue surged to 644,330 ETH ($2.34 billion), requiring an 11-day wait, marking an 18-month high.

2. Despite the exit queue spike, active validators (1.1 million) and staked ETH (35.7 million, ~30% of supply) are at all-time highs.

3. Ether's price fell 7% from its 2025 high of $3,844, trading at $3,643 but remains up over 50% in the past month.

4. US spot Ether ETFs saw over $2.5 billion in inflows in six trading days, despite no staking ETF approval.

5. Justin Sun's $600 million ETH withdrawal from Aave briefly caused Lido's stETH to depeg, impacting liquid staking tokens.

Description

The Ethereum validator exit queue is at its longest in nearly two years as $2.3 billion worth of Ether now awaits unstaking. Is it profit taking or repositioning?

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