Bearish
Ethereum's staking exit queue hits 2026 high with nearly 800K ETH awaiting withdrawal.
Over the past three days, Ethereum's staking exit queue surged from approximately 166,000 ETH to around 851,000 ETH, marking the highest level in 2026. This increase is largely attributed to MetaMask's precautionary withdrawal of validators following a security incident affecting part of its staking infrastructure. As of October 2, about 786,000 ETH, valued at over $2 billion, remained in the exit queue, with an estimated wait time of nearly 14 days.
Key points
- MetaMask's validator withdrawals contribute to a significant rise in Ethereum's staking exit queue.
- Ethereum's staking entry queue has decreased from around 2 million ETH in early September to 1.5 million ETH, indicating a moderation in new staking demand.
- Ethereum's price remains relatively stable, trading near $2,434 despite recent legislative setbacks and a Federal Reserve interest rate hike.
Sources
AI-generated from public news sources. Not financial advice.
