On July 27, according to data from the validator queue tracking website validatorqueue, the current Ethereum PoS network exit queue has increased to 694,000, with a recent peak of 744,000. On July 16, the number was only 1920, and on July 15, there is even no need to queue up to exit. At current prices, ETH is exiting the PoS network, which is approximately US$2.64 billion, and the withdrawal delay has been extended to 12 days and 1 hour. At the same time, the demand for pledges activated by new verifiers has reached an inflection point after a recent increase. On July 17, there were 435,000 ETH queues waiting to enter the network. Today, the admission queue has dropped to 220,000, worth approximately $836 million, and the current queue time for the admission queue is 3 days and 20 hours. Andy Cronk, co-founder of pledge service provider Figment, previously said: "When prices rise, people will unpledge and sell to lock in profits. We have observed that retail investors and institutions follow this pattern in multiple cycles."