Ethereum supply shock next?
Ethereum supply shock next?
It seems like the exit queue for Ethereum validators has reached an All Time High of 12 days and I wouldn’t be surprised in seeing it go past the 1 month range if ETH keeps going up in price like it has the past few weeks.
When that happens, I wonder what’s next. I am guessing a stETH heavy depeg and with that a massive leverage flush tied to stETH? Will that catapult us to the 5-6k levels in the span of a few weeks?
you made me think on how the exit queue is going to play in the grand scheme of things. Its clear that prices are rising during presumably max amount of daily ETH outflows. I haven’t looked at particulars, but if daily withdrawals are based on # of accounts and not total eth withdrawan, then perhaps someone is deliberately clogging the queue with 32eth validators, preventing most stakers from getting out.