According to ChainCatcher, citing data from the validator queue tracking website validatorqueue, the current Ethereum PoS network exit queue has risen to 1,012,296 ETH, valued at approximately $4.666 billions, with withdrawal delays now extended to 17 days and 14 hours.
Meanwhile, about 581,233 ETH are queued to join the network. Previous reports indicate that this situation reflects two opposing forces in the market: on one hand, some stakers may be choosing to cash out after Ethereum's significant rise since the April low, leading to a surge in the exit queue; on the other hand, new inflows driven by favorable regulatory developments and institutional demand are also pushing up the entry queue, as publicly listed companies such as SharpLink Gaming and BitMine Immersion increase their ETH holdings and engage in staking.