Data: FTX stablecoin reserves have fallen to a one-year low, with approximately 60% of the circulating supply of FTT on exchanges

ChainCatcher news, CryptoQuant co-founder and CEO Ki Young Ju tweeted that FTX's stablecoin reserves have just reached a one-year low, currently at $51 million, down 93% over the past two weeks. At the same time, FTX's ETH withdrawal amount per hour has also hit an all-time high, and the exchange's token reserves of FTT have reached a historical peak, with about 60% of the circulating supply of FTT on exchanges.

In addition, on-chain data shows that Alameda Research is making large stablecoin deposits to FTX, with a total of $257 million deposited in the past 24 hours. In comparison, Nansen data shows that Binance has seen an inflow of $337 million in stablecoins over the past 7 days, making it the largest entity for stablecoin inflows, with a current balance of $26.6 billion. (source link)