Data: About 519000 ETH are queuing up to exit the Ethereum PoS network, with the longest waiting time in nearly a year and a half for exiting the queue

According to BlockBeats, on July 23rd, Ethereum validators exited the queue for the longest waiting time in over a year on Tuesday, which may indicate that stakers are eager to withdraw their funds after a significant increase in ETH prices. According to data from the validator queue tracking website validatorqueue, as of Tuesday afternoon US time, approximately 519000 ETH (worth $1.92 billion at current prices) were queued to exit the network. This is the largest exit queue size since January 2024, resulting in withdrawal delays exceeding 9 days. Andy Cronk, co-founder of pledge service provider Figment, said: "When the price rises, people will release the pledge and sell to lock in profits. We have observed that retail investors and institutions follow this pattern in multiple cycles." He added that large-scale institutions may also trigger large-scale pledge release when changing custodians or wallet technology. Despite the wave of de pledging, the market may not necessarily bear significant selling pressure - as the demand for pledge activated by new validators is equally strong. At present, there are 357000 ETH (worth 1.3 billion US dollars) waiting to enter the network, and the admission queue has been waiting for more than 6 days, setting a record for the longest since April 2024. Part of the new demand may come from the ETH Treasury Fund. The SEC's claim that pledging is not illegal has further boosted institutional interest. The data shows that the number of active validators has increased by 54000 since late May, reaching a historical high of nearly 1.1 million.