What If Ethereum Unstaking Surge: Does It Lead to Sell Bomb?
Ethereum prices slipped after hitting a near record last week, with analysts warning that a surge of unstaked coins could weigh on the market later this month. The cryptocurrency rose from $3,698 at the start of August to $4,788 last Thursday, its highest level in four years. But as of 9 am UTC on Monday, … <a href="https://beincrypto.com/what-if-ethereum-unstaking-surge-does-it-lead-to-sell-bomb/">Continued</a>
Ethereum prices slipped after hitting a near record last week, with analysts warning that a surge of unstaked coins could weigh on the market later this month.
The cryptocurrency rose from $3,698 at the start of August to $4,788 last Thursday, its highest level in four years. But as of 9 am UTC on Monday, it had dropped to $4,260 — a 10% pullback after an almost 30% two-week rally.
ETH Unstaking Wait Time Jumps from 25 to 40 Days
The sharp gains triggered heavy unstaking activity. On-chain data provider said that on Aug 9 alone, the Ethereum exit queue was so congested that processing times extended to about 25 days.
The unstaking process involves two main steps: the Exit Queue and the Withdrawal Queue. The Exit Queue is when a validator requests to exit their role on the network. The Withdrawal Queue is the subsequent step where the unstaked ETH is transferred back to the user’s wallet. Usually, unstaking takes just two to three days.
The queue has continued to grow. This backlog reflects the growing number of validators looking to offload their ETH at a higher price.
X Influencer noted that the ETH validator exit queue doubled to $3.7 billion in four days. As of Aug 18, Rated’s data showed more than 1.075 million ETH waiting to exit, stretching processing times to 40 days. By contrast, staking new ETH takes less than five days.
Ethereum Network Overview. Source:
Rated
Unstaking requests began accelerating around Aug 6, meaning some coins could hit user wallets by Aug 25. Analysts caution that prices could fall further if buyers fail to absorb the new supply.
Still, some market watchers see a balance between inflows and outflows. X Influencer said that while about 600,000 ETH net outflows remain significant, the market has weathered similar conditions before. On July 26, a comparable backlog preceded a 20% rally over the following two weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.

UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.

SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.

$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
