parachainglobal： FTX Withdrawal Wave


According to a tweet thread from CryptoQuant CEO Ki Young Ju, FTX currently has $104.9 million worth of stablecoins in its on-chain reserves. Yesterday, he reported a figure of just $51 million – a 93% decline over a two-week period, and a yearly low.


Ju provided supporting data from Nansen on Monday, which indicated that FTX’s stablecoin reserves were at just $93 million. It also showed that the exchange had processed over $450 million in net outflows over the past 24 hours and nearly $700 million in the past 48 hours.

While FTX was losing depositors, Binance appeared to gain roughly $411 million in exchange inflows over the same time period.

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