Binance Sees $1.23 Billion in Weekly Outflows, Highest in More Than 3 Years

ETH0.20%
According to DefiLlama, Binance recorded $1.23 billion in net outflows during the week beginning June 29, up 207% from approximately $400 million the prior week and marking the highest weekly figure in more than 3 years. Monthly net outflows reached about $3.2 billion. According to CryptoQuant community analyst Darkfost, Binance processed more than 166,000 Ethereum withdrawal transactions in a single day, the highest daily volume since March 2023. The withdrawal surge coincided with ether rebounding roughly 10% over 2 days, with ETH trading around $1,766 after gaining 12.5% over the past week.
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