Ethereum has exited the staking queue with over 9.14 million coins, and the withdrawal latency has reached a record high of nearly 16 days.

According to data from the validators queue tracking website, the current number of Ethereum PoS network exit queue has risen to 914,690 coins, worth approximately 4.03 billion dollars, with withdrawal latency extended to 15 days and 21 hours.

Meanwhile, there are approximately 623,750 ETH waiting in line to join the network, valued at about 2.75 billion dollars, also showing an upward trend. The current waiting time in the admission queue is 10 days and 20 hours.

This situation reflects the existence of two opposing forces in the market: on one hand, some stakers may choose to cash out after a substantial rise in Ethereum since the low in April, leading to a surge in the exit queue; on the other hand, new capital inflows driven by regulatory benefits and institutional demand are also pushing up the entry queue, as some listed companies increase their holdings of ETH and stake them.