Following a lull this week, staked Ethereum withdrawals have ramped up again. The pending withdrawal queue is being processed, and a large chunk of it is down to the Kraken crypto exchange.

On April 20, Nansen researchers observed that the second wave of full withdrawals was underway. They added that Kraken had over 330,000 ETH in full withdrawals with a further 175,000 left which is largely principal withdrawals. The total value of this Ethereum combined is around $975 million.

At the time of writing, that queue had been processed, and withdrawals had dropped back to their previously low levels, with deposits outpacing them.