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 <p class="is-style-lead">According to a Nov. 22 post, despite <a rel="noopener noreferrer nofollow" title="withdrawals" href="https://thebittimes.com/tag/withdrawals.html">withdrawals</a> continuing, Nansen is not seeing a mass exodus of funds.</p>
 <p>Among <a rel="noopener noreferrer nofollow" title="withdrawals" href="https://thebittimes.com/tag/withdrawals.html">withdrawals</a>, including a $17 million negative netflow, there were more outflows than inflows earlier in the day.</p>
 <h2 class="wp-block-heading" id="an-uptick-in-holdings">An uptick in holdings</h2>
 <p>At the same time, the blockchain analytics firm has seen noteworthy growth, rising from $64.6 billion to $65.2 billion, factoring in both outflows and price fluctuations during this period.</p>
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    <p lang="en" dir="ltr">Here's our latest update on @binance, 12 hours after our previous one<br><br>At the time of writing, <a rel="noopener noreferrer nofollow" title="withdrawals" href="https://thebittimes.com/tag/withdrawals.html">withdrawals</a> are continuing, and we're not seeing a mass exodus of funds<br><br>Over the past hour on Ethereum, Binance has a $17M negative netfow (more leaving the exchange than what's… pic.twitter.com/yQPtMl5ue8</p>— Nansen (@nansen_ai) November 22, 2023
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 <p>Analyzing the changes in token holdings within Binance’s top assets over the same timeframe, Nansen also calls out several trends, including. USDT saw a decrease of $246 million, while Bitcoin holdings declined by $76 million. On the flip side, ETH holdings registered an increase of $196 million, BNB holdings grew by $97 million, and AETH holdings saw a rise of $59 million. Other stablecoins like TUSD and XRP maintained stability in their holdings.&nbsp;</p>
 <p>Notably, SOL, LINK and SHIB holdings experienced positive shifts 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.</p>
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 <h2 class="wp-block-heading" id="a-reflection-of-negative-sentiment">A reflection of negative sentiment</h2>
 <p>This data comes amid what was earlier <a rel="noopener noreferrer nofollow" title="report" href="https://thebittimes.com/tag/report.html">report</a>ed as a&nbsp;turbulent start to the week&nbsp;for the cryptocurrency industry, triggered by the U.S. Securities and Exchange Commission (SEC) initiated legal action against the Kraken exchange and the U.S. Department of Justice (DOJ) announced criminal charges against Binance and its CEO, Changpeng Zhao.&nbsp;</p>
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   <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/P-3J1VMfvPo" data-id="P-3J1VMfvPo" data-query="feature=oembed" data-alt="Binance’s Changpeng Zhao to step down as part of $4.3 billion DOJ settlement: CNBC Crypto World"></div>
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 <p>Crypto prices as a whole witnessed a downturn as part of the recent news, with the global market cap contracting by 3% in the last 24 hours, falling below the $1.4 trillion threshold.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Solana gaining momentum according to Nansen report
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/nansen-reports-continued-withdrawals-from-binance-tbt71255.html">https://thebittimes.com/nansen-reports-continued-withdrawals-from-binance-tbt71255.html</a></p>

Nansen reports continued withdrawals from Binance

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