The exit queue of the Ethereum PoS network has increased to 644300, setting a new record for the longest waiting time in nearly a year and a half

According to BlockBeats, on July 24th, according to validatorqueue tracking website data, approximately 644300 ETH (worth $2.34 billion at current prices) are currently queuing up to exit the network, the largest withdrawal queue size since January 2024, and withdrawal delays have been extended to 11 days and 4 hours. At the same time, there are currently 332000 ETH (worth 1.2 billion US dollars) waiting to enter the network, and the admission queue has been queued for more than 5 days and 18 hours, setting a record for the longest since April 2024. Andy Cronk, co-founder of pledge service provider Figment, said earlier: "When the price rises, people will release the pledge and sell to lock in profits. It is observed that retail investors and institutions follow this pattern in multiple cycles." The US SEC's claim that pledge is not illegal also further boosted institutions' interest in Ethereum. The data shows that the number of active validators has increased by 54000 since late May, reaching a historical high of nearly 1.1 million.