Ethereum is facing its largest validator exit in history as more than 2.6 million ETH, worth over $12 billion, have entered the withdrawal queue. According to on-chain data from ValidatorQueue.com, the exit backlog has surged to unexpected levels, and the investors making the withdrawals are now facing a wait time of more than 44 days before their ETH is fully unstaked. This sudden spike in withdrawals raises serious questions about the possibility of looming selling pressure and how it might affect the Ethereum price.

Largest Exit Queue Ever Recorded

According to data from ValidatorQueue.com, about 2.6 million ETH were queued up to be unstaked, its largest exit number on record. This exit queue number dwarfs all previous periods of validator exits since Ethereum’s transition to pr

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