Huobi Experiences Sudden 64% Spike in USDT, USDC Withdrawal Volume
- Nansen data reveals Huobi users have cashed out over $60.9 million within 24 hours.
- The figure represents over 64% of its total $94 million outflow over seven days.
- The 24-hour trading volume of Huobi went down by over 16%.
Crypto analytic firm Nansen recently tracked the transaction volume of the Chinese crypto exchange Huobi Global. It revealed that in the last 24 hours, Huobi users have cashed out over $60.9 million. This figure represents over 64% of its total $94 million outflow over the previous seven days.
According to Nansen, the most withdrawn coins were USDT and USDC stablecoins from users with huge wallet balances.
In the past 24 hours, Huobi has seen a significant increase in net outflows$60.9M* of the $94.2M* net outflow in the past week occurred in the past day alone*Contains , , BNB Chain, Fantom, & Polygon flows pic.twitter.com/JV1Tg13QMY
— Nansen (@nansen_ai)
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