diff --git a/node_external_ip_controller_async.py b/node_external_ip_controller_async.py
index b311669..6b3c42e 100644
--- a/node_external_ip_controller_async.py
+++ b/node_external_ip_controller_async.py
@@ -125,7 +125,13 @@ async def watch_services(v1, external_ips_update_queue):
                     logger.debug(
                         f"Processing event type: {event['type']} for service: {service.metadata.name}"
                     )
-                    external_ips = await external_ips_update_queue.get()
+                    while True:
+                        # maintain only last set of external_ips by popping everything
+                        # and putting back the final one when it runs empty
+                        external_ips = await external_ips_update_queue.get()
+                        if external_ips_update_queue.empty():
+                            external_ips_update_queue.put(external_ips)
+                            break
                     logger.debug(f"Retrieved external IPs: {external_ips}")
                     await update_service_annotation(v1, service, external_ips)
                     logger.debug(f"Service updated: {service.metadata.name}")