Ethereum Staking Demand Soars As Investors Chase Rewards

Nearly three million ETH is waiting to enter staking, creating an estimated 50-day entry queue. Bitmine Immersion Technologies has staked 4,718,677 ETH, over 85% of its holdings, worth $7.7 billion and generating $230 million annually in staking revenue. Analysts cite strong long-term confidence despite Ethereum's price falling nearly 45% this year.