At the same time, the entry queue in blue fell steadily from early August, dropping below 200,000 by late September before showing a mild recovery in early October. This pattern indicates a temporary slowdown in staking participation before a gradual rebound.
As of October 7, exits remain elevated near 2.5 million validators, while entries show renewed activity. Analysts believe these movements suggest validator realignment rather than long-term withdrawal from the network.
“Large withdrawals always mean there is a chance that tokens can be sold, but it does not necessarily equal sales,” said Nicolai Sondergaard, research analyst at Nansen. He added that “there is no need for concern from this alone.”