A jump in Ethereum outputs of 392%. Waiting for 850,000 $ETH
What happened:
- An incident in MetaMask’s staking infrastructure
- The affected validators were proactively moved to the exit
- About 523,000 ETH from around 17,000 participating validators
- Only 0.36 ETH moved/redirected as rewards
What it means:
- The output list is not a sell order. It’s a mechanism within the protocol.
- The ETH may return to staking or move to exchanges
- The process is gradual: waiting about 14.8 days, up to 45 days for the full cycle
What to watch:
- Does the ETH return to staking or go to exchanges?
- If it’s a preventive action and it returns, the impact will be limited
- If it heads to exchanges, the selling pressure will be spread over weeks
The next few days will determine who wins.
#ethereumvalidatorexitqueuejumps392
$BTC #cryptouniverseofficial
What happened:
- An incident in MetaMask’s staking infrastructure
- The affected validators were proactively moved to the exit
- About 523,000 ETH from around 17,000 participating validators
- Only 0.36 ETH moved/redirected as rewards
What it means:
- The output list is not a sell order. It’s a mechanism within the protocol.
- The ETH may return to staking or move to exchanges
- The process is gradual: waiting about 14.8 days, up to 45 days for the full cycle
What to watch:
- Does the ETH return to staking or go to exchanges?
- If it’s a preventive action and it returns, the impact will be limited
- If it heads to exchanges, the selling pressure will be spread over weeks
The next few days will determine who wins.
#ethereumvalidatorexitqueuejumps392
$BTC #cryptouniverseofficial