Over 910,000 ETH are currently queued to exit the Ethereum PoS network, setting a new record.

BlockBeats News, August 19th, according to the Validator Queue tracking website validatorqueue, the current Ethereum PoS network exit queue is temporarily reported to be 910,461 ETH, worth approximately $3.91 billion, reaching a historical record in terms of exit scale.

At the same time, about 268,217 ETH are queuing to join the network.

Previously reported, this situation reflects the existence of two opposing forces in the market: on the one hand, some stakers may choose to cash out significantly after Ethereum's sharp rise since the April low, leading to a surge in the exit queue; on the other hand, new funds being deposited, being driven by regulatory optimism and institutional demand, are also pushing up the entry queue, such as publicly listed companies like SharpLink Gaming and BitMine Immersion increasing their ETH holdings and staking.