September 8th• 3 min read
ETH Staking Queue Flips: Entry Surpasses Exit for First Time Since 2023
Ethereum's staking dynamics have shifted dramatically as the entry queue now holds 959,717 ETH compared to just 821,293 ETH in the exit queue, marking a significant reversal after months of net unstaking.
Key takeaways
🔄 Queue Reversal: ETH entry queue (959,717 ETH) now exceeds exit queue (821,293 ETH) for first time since 2023 Shanghai upgrade.
⏰ Wait Times: New validators face 16-day wait while unstaking takes 14 days, showing sustained staking demand.
🐋 Whale Activity: ICO-era wallet staked 150,000 ETH worth $656 million after 8 years of inactivity.
📈 Supply Impact: Total staked ETH rose from 34.5M in May to over 36M today, representing 30% of total supply.
💪 Confidence Signal: Reversal indicates growing institutional and retail confidence in Ethereum's long-term prospects.
Deep dive
The reversal in Ethereum's staking queues represents a fundamental shift in market sentiment toward the network.
After more than a month of rising unstaking activity, September 2025 has seen a dramatic turnaround with validators choosing to stake rather than exit.
This trend is particularly significant given that similar queue sizes haven't been observed since the 2023 Shanghai upgrade that first enabled withdrawals.
The development suggests that despite recent price volatility, long-term holders view current levels as attractive entry points for yield generation.
With staking yields averaging 4.5% annually and nearly one-third of all ETH now locked in staking contracts, this trend could create sustained upward pressure on prices through reduced liquid supply.
The participation of dormant whale wallets further reinforces institutional confidence in Ethereum's trajectory.
Polaris insights AI-generated
Source:
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