Ethereum’s validator entry queue has surged past the exit queue for the first time in weeks, signaling renewed demand to stake ether (ETH) just as fears of a major sell-off subside.
At the time of writing, 932,936 ETH ($4 billion) sits in the entry queue compared with 791,405 ETH ($3.3 billion) in the exit queue, according to validatorque.com data. Three weeks ago, the exit queue stood at 816,000 ETH, leading to concerns over whether the market would be able to absorb sell pressure once the tokens were unlocked.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Related Posts ...
Comments are disabled.