The Ethereum validator exit queue may significantly increase in the coming days due to recent events in the cryptocurrency sector.
Impact on ETH Market
Ethereum educator Anthony Sassano stated that the current ETH exit situation is unlikely to lead to selling. "This ETH will presumably be restaked using new validator keys," he mentioned in a post on X.
Kiln Finance Official Statement
On Tuesday, Kiln Finance announced that it is starting the orderly exit of all its Ethereum validators in response to the incident involving the SwissBorg platform. "These measures are aimed at ensuring the integrity of the staked assets," the company stated.
Exit Process Expectations
The exit process may take between 10 to 42 days depending on the specific validator. Approximately 1.63 million ETH are currently queued for exit.
The situation surrounding validator exits may have implications for the ETH market; however, experts believe that restaking could help avoid price volatility.
