The Ethereum Proof-of-Stake (PoS) network's validator queue has reached a new high, with 2,170,452 ETH currently waiting to join, valued at approximately $6.74 billion. This surge is attributed to BitMine's recent substantial staking of its ETH holdings. The estimated activation delay for new validators is around 37 days and 16 hours. In contrast, only 11,063 ETH, worth about $34.35 million, is exiting the network, with an average wait time of 4 hours and 37 minutes.