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On-Chain Insights: Binance Net Outflow, Increase in USDC Holdings, BLUR Airdrop
Sandra Leow

Exchange Flow

  • In the past seven days, we have observed more than $1 billion in net outflows from Binance. Notably, this only applies to Ethereum. Over six percent of their stablecoin supply has been withdrawn from exchanges in the last week. To put this into perspective, the numbers are still far from what we saw in December 2022 during the FTX saga. Despite this, it is important to keep a close eye on any changes.

Smart Money Inflow of USDC

  • There has been a $35.2m increase in Smart Money Token Holdings on USDC in the last 24 hours. This is potentially due to smart money exhibiting a more risk-off behavior given the uncertainty in current...