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The ETH staking exit queue has been mostly cleared, with only 80,000 ETH remaining to be withdrawn.
Deep Tide TechFlow News, on January 4th, according to on-chain analyst Ember (@EmberCN), the Ethereum staking exit queue has been mostly cleared, with only 80,000 ETH remaining to exit. Since mid-September, when the ETH price reached this year’s high of around $4,700, as many as 2.66 million ETH chose to exit staking. During this three and a half month period, ETH price has fallen by 34%, from $4,700 in mid-September to the current $3,100.
The situation has now completely reversed, with the amount of ETH waiting to be staked far exceeding the amount waiting to exit. Ethereum treasury company BitMNR (BMNR) recently staked a large amount of ETH, depositing 593,152 ETH in just the past 8 days, resulting in the current number of ETH waiting to enter the staking queue exceeding 1 million.