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Ethereum’s validator exit queue fell near zero for the first time since July as staking demand increased, led by BitMine’s aggressive accumulation.
The Ethereum network validator exit queue has fallen back toward zero for the first time since July last year, which could reduce selling pressure, analysts say.
According to data from Beaconcha.in, the current exit queue is just 32 Ether (ETH), with a wait time of around a minute. It is down 99.9% from its peak of 2.67 million ETH in mid-September.
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Meanwhile, the entry queue has hit its highest level since mid-November at 1.3 million ETH, signalling renewed interest in Ether staking.