Millions of Dollars Abandoned Huobi Exchange in the Last 24 Hours!

According to the latest data released by crypto research company Nansen, there has been intense money outflow from a cryptocurrency exchange in the last hours. In the post on Nansen’s Twitter account Huobi It was claimed that $ 60 million worth of exits were made in the last 24 hours from the stock market.

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 Ethereum, Avalanche, BNB Chain, Fantom, & Polygon flows pic.twitter.com/JV1Tg13QMY

— Nansen 🧭 (@nansen_ai) January 6, 2023

Researchers have determined that the monetary value of cryptocurrencies withdrawn from Huobi in the last 1 week is $ 94.2 million. Nansen, cryptocurrency flow Ethereum, BNB Chain, Avalanche, Phantom and polygon following their networks.

Nansen stated that the withdrawals of cryptocurrencies mainly occur to stablecoin and ETH addresses.

According to another crypto monitoring platform, DeFiLlama, exits from the stock market have exceeded $ 70 million as of now. The Huobi exchange had been on the agenda before with large money inflows and outflows. According to the data, $87.9 and $46 million were entered on the crypto trading platform on December 15-28, respectively.

Claim: Justin Sun Invested $100 Million in Huobi!

Allegations of interaction between TRON founder Justin Sun and Huobi are endless. A Twitter account tracking on-chain data claimed that Justin Sun deposited $100 million on the exchange today.

Justin Sun deposited the $100M worth of $USDT and $USDC to #huobi.https://t.co/hCFXl5I32u pic.twitter.com/ZohaxXz6jy

— Lookonchain (@lookonchain) January 6, 2023

Following the detection of the Twitter account Lookonchain, an investor posted a visual of a $1 million buying block for the local token HT traded on the exchange. shared.