Surge in Validator Exits from Ethereum Network Amidst Price Uptick

November 30th, 2023
Ethereum's proof-of-stake network is seeing an average of 1018 validators exiting daily since October, Glassnode reports. This trend, aligned with Ethereum's price rise, suggests validators are cashing in on their stakes. The validator exits have led to a 1% decline in addresses holding at least 32 ETH and a slowdown in ETH issuance, impacting the network's dynamics.
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