Ethereum staking exit queue spikes as Celsius unlocks soar

Surge in Exits: Ethereum Network Sees Record High of 16,000 Validators in Queue

The Ethereum network is experiencing a surge in validator exits, with on-chain data revealing a record high of over 16,000 validators in the exit queue on January 5th. This increase in exits has resulted in a significant wait time for unstaking, with an average of 5.6 days. Currently, there are still around 15,140 validators waiting in the queue, according to the latest data.