The number of ETH waiting in line to join the Ethereum PoS network has surpassed 2.55 million, equivalent to approximately 8.59 billion USD

According to the validator queue tracking website validatorqueue, the number of ETH waiting to join the Ethereum PoS network has continued to rise to 2,554,732 coins, valued at approximately $8.59 billion, with an expected activation delay of about 44 days and 8 hours.

The main reason is that BitMine has recently staked a large amount of ETH it holds. Meanwhile, the number of ETH exiting the Ethereum PoS network queue is only 64 coins, valued at approximately $215,000, with an exit waiting time of about 2 minutes.