The number of Ethereum (ETH) on cryptocurrencies fell to its lowest level since September 2018.
According to Glassnode, nearly 550,000,000 ETH worth about $1.61 billion have been withdrawn from centralized trading platforms since the beginning of the year.
Massive asset outflows have reduced the exchanges’ net balance in ETH to 21.72 million, a figure of 31.68 million ETH in June 2020.
More than 30% of all ETH withdrawals from exchanges in 2022 occurred earlier this week. Specifically, more than 180,000 ETH left crypto trading platforms on March 15, resulting in a weekly outflow of just over $500 million as of March 18.
Holpop News
Holpop News
The Ethereum balance on cryptocurrencies has fallen to its lowest since 2018
posted on March 20, 2022 by holpop in Blockchain
