The ETH queued to exit the Ethereum PoS network dropped to 879,000, while more than 850,000 ETHs were waiting to join

According to ChainCatcher, according to the validator queue data, the number of ETH exiting the queue on the Ethereum PoS network has been continuously declining, temporarily reporting 879,063, worth approximately US$3.82 billion, and the exit waiting time is about 15 days and 6 hours. Meanwhile, ETH queued to join the network rose to about 857,719, worth approximately US$3.72 billion, with an estimated activation delay of about 14 days and 21 hours. Previous reports have reflected that this situation reflects the existence of two opposite forces in the market: on the one hand, some pledgers may choose to put their pockets after Ethereum rebounded sharply since its low in April, resulting in a surge in exit queues; on the other hand, new deposited funds driven by regulatory benefits and institutional demand are also pushing up the entry queue, such as listed companies such as SharpLinkGaming and BitMineImmersion, which have increased their holdings of ETH and pledged them.