The number of ETH waiting in line to join the Ethereum PoS network has exceeded 1.77 million, and the staking withdrawal queue has been cleared

According to the validator queue tracking website validatorqueue, the number of ETH waiting to join the network has risen to 1,775,026, worth approximately $5.52 billion, with an expected activation delay of about 30 days and 20 hours.

The main reason is that BitMine has recently staked a large amount of ETH it holds. The Ethereum PoS network's staking exit queue has been cleared, and currently, there are no users choosing to redeem ETH from staking.