Ethereum PoS Network Sees Increased Withdrawal Queue amid Price Surge

The Ethereum Proof-of-Stake (PoS) network has witnessed a noticeable surge in its exit queue, currently holding 498,313 ETH awaiting withdrawals. This rise coincides with Ethereum’s price surpassing $4,300, resulting in the total value of queued ETH reaching approximately $2.147 billion. The estimated wait time to exit the network stands at roughly 8 days and 16 hours. Conversely, the number of ETH seeking entry into the network has decreased significantly, totaling approximately 4,801 ETH valued around $20.68 million. This decline follows a recent peak of 435,000 ETH. The anticipated activation delay for new entries is estimated to be around 2 hours.