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According to a Nov. 22 post, even though withdrawals continue, Nansen is not seeing a mass exodus of funds.
Among withdrawals, including a negative net flow of $17 million, there were more outflows than inflows at the beginning of the day.
A rebound in holdings
At the same time, the blockchain analytics company has seen notable growth, rising from $64.6 billion to $65.2 billion, taking into account both exits and price fluctuations during this period.
Analyzing the changes in token holdings within major Binance assets over the same time period, Nansen also points out several trends, including. USDT saw a decline of $246 million, while bitcoin holdings decreased by $76 million. On the other hand, eth holdings saw an increase of $196 million, BNB holdings grew by $97 million, and AETH holdings saw an increase of $59 million. Other stablecoins like TUSD and XRP maintained stability in their holdings.
In particular, SOL, LINK, and SHIB holdings saw positive changes with increases of $34 million, $27 million, and $12 million, respectively. However, USDC and BUSD holdings decreased by $39 million and $11 million respectively, while MATIC holdings increased by $14 million.
A reflection of negative feeling.
This data comes amid what was previously reported as a turbulent start to the week for the cryptocurrency industry, sparked by the US Securities and Exchange Commission (SEC) launching legal action against the Kraken exchange and the US Department of Justice (DOJ) announced criminal charges. against Binance and its CEO, Changpeng Zhao.
Cryptocurrency prices as a whole witnessed a drop as part of the recent news, with the global market capitalization contracting by 3% in the last 24 hours, falling below the $1.4 trillion threshold.
