Ethereum Validator Exit Queue Soars as Celsius Plans ETH Unstaking

Ethereum Validator Exit Queue Reaches Record High Amid Celsius ETH Unstaking

The Ethereum (ETH) validator exit queue has reached a peak at over 16,400, as Celsius, the bankrupt crypto lending platform, plans to unstake its ETH. The waiting time for validators in the queue has extended to more than 5 days. This sudden surge in the validator exit queue could be attributed to Celsius’ move to recall and rebalance its crypto assets, including Ethereum, in order to repay its creditors.