Ethereum's unstaking queue has surged by approximately 72,000% following a series of significant DeFi hacks, reflecting investor caution. By May 5, over 350,000 ETH were queued for redemption, with a wait time of around six days. Despite this, a substantial 3.6 million ETH remains pending for staking, indicating ongoing long-term confidence in Ethereum's staking model. April 2026 saw DeFi platforms suffer losses of approximately $625 million due to 30 separate attacks, including a $292 million loss from the KelpDAO bridge hack and over $10 billion from the Aave platform. These incidents have prompted investors to unstake ETH to regain liquidity, though the core Ethereum network remains uncompromised. The situation highlights a stress test rather than a collapse, with future developments hinging on the frequency of further attacks.