
Billions in Ethereum Waiting to Be Unstaked Could Add Sell Pressure to ETH: Analyst
Ethereum holders are increasingly lining up to unstake their tokens, a trend that could put significant sell pressure on the cryptocurrency, according to one crypto expert. The Ethereum blockchain's validator exit queue hit 855,158 ETH on Friday—the highest it's ever been, according to validatorqueue.com. The tokens were worth a combined $3.7 billion as of late Friday, according to data provider CoinGecko. Staking is a process by which digital asset holders lock up their tokens to secure a blockchain network and earn rewards. Stakers may choose to unlock and reclaim their crypto amid uncertain market conditions, transferring them to comparatively risk-off…








