Lots of FUD on ETH unstaking queue. Seeing a lot of people post this chart without showing the entry queue (~300k ETH), which is approaching yearly highs. Total ETH staking outflows - inflows = ~600k ETH. This is still a big number relative to the past year, but approximately the same amount was in the queue on July 26th before ETH printed a 20% gain in two weeks. The case for ETH (the asset) remains strong. ETF inflows are increasing, BMNR has $20b to deploy, and retail still seems to be sidelined. Wall Street still has yet to experience its "ETH is the world computer moment".
grubles
grublesAug 16, 01:50
There has never been this much ETH queued to be unstaked before.
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