Ethereums exit from the validator queue is worth nearly $2 billion, possibly due to stakers concentrated profit-taking after a 160% increase

By: odaily.com|2025/07/23 01:31:54
0
Share
copy

Odaily News As of the afternoon of July 23rd, Eastern Time, the Ethereum validator exit queue had accumulated 519,000 ETH, which is approximately US$1.92 billion based on current prices. The exit waiting time has exceeded 9 days, setting a new high since January 2024.
Analysts pointed out that this exit wave was mainly affected by concentrated profit-taking after ETH rebounded 160% from its low point in April. Andy Cronk, co-founder of Figment, said, When prices rise, both retail investors and institutions will choose to unstake and cash in their profits.
It is worth noting that Ethereum treasury companies SharpLink Gaming and Bitmine have frequently purchased ETH in the market recently. Some institutional investors may choose to release pledges and make physical investments to participate in fundraising for such projects. Matthew Sheffield, head of spot trading at FalconX, said that many ETH treasury projects have been active in the market in recent weeks, and the surge in exit queues may be related to this.
Despite the increase in the number of unstaked tokens, the demand for staking remains strong. Currently, there are about 357,000 ETH (worth $1.3 billion) waiting in line for staking, and the waiting time in the queue exceeds 6 days, which is also the highest since April this year. Since the SEC clarified on May 29 that staking does not violate securities laws, institutional participation has increased significantly. Data shows that the number of active validators has increased by 54,000 since late May, approaching the historical high of 1.1 million. (CoinDesk)

-- Price

--

You may also like

Strategy Founder: The Next 10 Years of Bitcoin

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com