Key Notes

Ethereum has witnessed its largest validator exit on record, with more than 2.4 million ETH, worth over $10 billion, waiting to leave the PoS network.

Grayscale and other institutional clients are replacing these validators through the Ethereum entry queue.

Ethereum price risks further breakdown if ETH is dumped from the system.

Ethereum ETH $4 476 24h volatility: 5.6% Market cap: $540.10 B Vol. 24h: $50.05 B price is in the spotlight as there is a notable exodus of ETH validators, with up to $10 billion waiting to exit the ecosystem. This may have contributed to the price reversal of the second-largest cryptocurrency by market capitalization. On the flip side, institutional investors like Grayscale are stepping in to fill the void.

Institutiona

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