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Rick
Digital Asset Research Analyst bringing you Data-Driven analysis on projects in the industry | Long/Short ideas | Educational Purposes only, NFA
Just bumping this for all whose timelines are flooded with baseless ETH validator queue FUD from a select group of SOL stakeholders.
The legend @sassal0x sniffed this out over a week ago and has provided logical reasoning as to why this is happening.
The magnet to $8k is getting more powerful
Sep 10, 11:24
Getting ahead of the fud before it festers...
The validator exit queue is going to jump up a lot in the coming days (it just jumped up by ~700,000 ETH) because @Kiln_finance has decided to voluntarily exit all of their ETH validators due to security concerns (that are specific to Kiln's setup - nothing to do with the Ethereum network itself).
For context: Kiln has a total of ~1.6 million ETH staked so we will be seeing at least this amount unstaked.
This ETH will presumably be restaked using new validator keys aka it's not going to be sold.
Thank you for your attention on this matter.
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