Nansen reports continued withdrawals from Binance
According to a Nov. 22 post, despite withdrawals continuing, Nansen is not seeing a mass exodus of funds. Among withdrawals , including a $17 million negative netflow, there were more outflows than inflows earlier in the day. An uptick in holdings At the same time, the blockchain analytics firm has seen noteworthy growth, rising from $64.6 billion to $65.2 billion, factoring in both outflows and price fluctuations during this period. Here's our latest update on @binance, 12 hours after our previous one At the time of writing, withdrawals are continuing, and we're not seeing a mass exodus of funds Over the past hour on Ethereum, Binance has a $17M negative netfow (more leaving the exchange than what's… pic.twitter.com/yQPtMl5ue8 — Nansen (@nansen_ai) November 22, 2023 Analyzing the changes in token holdings within Binance’s top assets over the same timeframe, Nansen also calls out several trends, including. USDT saw a decrease of $246 million, while Bit...