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Binance Experience Spike in Withdrawal Over the Last 24 Hours
- Over the last 24 hours, $1.6 billion worth of crypto were withdrawn from Binance.
- The withdrawal was carried out mainly in ETH and ERC-20 tokens.
- The weekly netflow of the exchange stands at $1.9 billion.
As per the details revealed by Nansen, a crypto analytical platform, the largest crypto exchange Binance witnessed over $1.6 billion in withdrawals over the last 24 hours. The withdrawals have been carried out in ETH and ERC-20 tokens.
https://t.co/dc8UPos1fS
— Nansen (@nansen_ai) December 13, 2022
The seven-day outflow experienced by Binance currently stands at $1.9 billion. The current outflow over the last seven days is even less than what the exchange witnessed during the collapse of the FTX exchange.
The major reaso …
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