Ethereum Validator Exit Queue Nears $2B as Stakers Rush to Exit After 160% Rally

Description

Ethereum’s validator exit queue swelled on Tuesday to its longest wait time in more than a year, that could signal a rush among stakers to pull funds after a major price rally in ether (ETH). There was nearly 519,000 ETH as of Tuesday U.S. afternoon, worth $1.92 billion at current prices, in line to exit the network, data by validatorqueue.com shows. That the largest amount in the exit queue since January 2024 , extending withdrawal delays to over 9 days, per the data source. The congestion is d...