A general sense of unease about the health of Binance continued through the market during the Asian trading hours on Tuesday.
Part of the market’s anxiety over Binance likely came from reports that Tron’s Justin Sun withdrew a combined $50 million from Binance. Sun, however, looked to calm market fears by tweeting a link to Etherscan, showing that he had deposited $100 million USDC back into the exchange.
On-chain data shows withdrawals across all chains hit the $1.8 billion mark during the last 24 hours. Data from Nansen shows that Paxos and Huobi were the recipients of some of this inflow, with around $162 million of netflow between the two exchanges.
(By Sam Reynolds)
Related news：
XRP Bullish Signal: Whale Withdraws $33 Million From Binance
Binance Withdrawals Surge As Concerns About Its Reserve Report Spook Traders
U.S. Justice Department Mulls Charging Binance Over Potential Money Laundering Violations: Report
US DOJ Split Over Charging Binance in the 2018 AML Investigation
All Comments