Concerns Mount Over Ethereum Unstaking as Crypto Market Cap Takes a Tumble
The cryptocurrency market fell nearly 4% Monday, intensifying concerns over a surge in Ethereum (ETH) unstaking. On-chain data shows 1.18 million ETH are queued for withdrawal, the largest backlog in months. The delays highlight pressure on the Ethereum network. Normally, unstaking takes three to five days. Current applicants face up to 40 days. ETH Unstaking…
