The Ethereum staking exit queue $ETH shows 786,275 ETH on Monday, October 5 (validatorqueue.com, beaconcha.in data), very close to its 2026 high of October 2 (850,736 ETH). The reflex would be to see this as a wave of selling. The numbers say otherwise.
The queue went from 166,042 ETH on September 29 to more than 773,000 ETH on October 1, just after the security incident disclosed by MetaMask on September 30. MetaMask, which also operates validators for Lido, is withdrawing them as a precaution. Researcher Kaden estimated those outflows at around 523,000 ETH, a figure not confirmed by MetaMask, which says it saw no impact on client funds (CoinDesk). Lido plans to shut down the last affected validators by October 7, then progressively restake over a maximum of 45 days.
So a large part of this queue is the technical detour of a single operator, not holders rushing for the exit.
What matters more: the entry queue is still longer. 1,457,964 ETH are waiting to be staked (about 25 days), or 1.85 times the exit queue. It has still been declining since September 2 (2.09M ETH). Demand is slowing, not reversing. 43.66M ETH are staked, 35.76% of supply, APR 2.63%. $ETH is trading around $2,725 this morning (CoinGecko, +1% over 24h).
My read: if the exit queue deflates after October 7 and those ETH reappear on the entry side, the episode ends without damage. If it grows again once the MetaMask validators have exited, that would mean new exits, and the signal would become more serious for price.
If the exit queue climbs back above 850,000 ETH after October 7, would you see that as real selling pressure or still just operator noise?
$ETH
#Ethereum #Staking #BinanceSquare
The queue went from 166,042 ETH on September 29 to more than 773,000 ETH on October 1, just after the security incident disclosed by MetaMask on September 30. MetaMask, which also operates validators for Lido, is withdrawing them as a precaution. Researcher Kaden estimated those outflows at around 523,000 ETH, a figure not confirmed by MetaMask, which says it saw no impact on client funds (CoinDesk). Lido plans to shut down the last affected validators by October 7, then progressively restake over a maximum of 45 days.
So a large part of this queue is the technical detour of a single operator, not holders rushing for the exit.
What matters more: the entry queue is still longer. 1,457,964 ETH are waiting to be staked (about 25 days), or 1.85 times the exit queue. It has still been declining since September 2 (2.09M ETH). Demand is slowing, not reversing. 43.66M ETH are staked, 35.76% of supply, APR 2.63%. $ETH is trading around $2,725 this morning (CoinGecko, +1% over 24h).
My read: if the exit queue deflates after October 7 and those ETH reappear on the entry side, the episode ends without damage. If it grows again once the MetaMask validators have exited, that would mean new exits, and the signal would become more serious for price.
If the exit queue climbs back above 850,000 ETH after October 7, would you see that as real selling pressure or still just operator noise?
$ETH
#Ethereum #Staking #BinanceSquare
