Overview
- Queue data show roughly 745,619 ETH awaiting entry with an estimated 13‑day wait, while about 360,518 ETH are queued to exit with an eight‑day delay.
- BitMine staked 342,560 ETH over two days and now controls roughly 3–3.4% of supply after absorbing a large share of recently unstaked coins, according to Abdul of Monad and on‑chain trackers.
- Analysts attribute renewed inflows to treasury demand, the unwinding of leveraged staking positions, and Pectra‑related improvements such as higher validator limits.
- Abdul projects the exit queue could reach zero in early January if current trends persist, which would likely ease near‑term selling pressure.
- Earlier exit activity included Kiln’s precautionary withdrawals after a September security incident, and observers note the last queue flip in June preceded a strong ETH rally.