Approximately $2.59 billion worth of ETH is queuing up to exit the Ethereum PoS network, while approximately $980 million worth of ETH is waiting to join

According to BlockBeats, on July 29th, according to validatorqueue data, there are currently about 684000 ETH (approximately $2.59 billion at current prices) waiting to exit the Ethereum PoS network, with an exit waiting time of about 11 days and 21 hours. At the same time, there are about 259000 ETH waiting in line to join the network, worth approximately 980 million US dollars, with an expected activation delay of about 4 days and 12 hours. Previously reported, this situation reflects two opposing forces in the market: on the one hand, some stakers may choose to settle for Ethereum after rebounding over 160% from its April low, leading to a surge in exit queues; On the other hand, newly deposited funds driven by regulatory incentives and institutional demand are also driving up the entry queue, such as listed companies like SharpLink Gaming and BitMine Immersion increasing their holdings of ETH and pledging it.