TechFlow news, May 7 — According to on-chain analyst Ai Yi (@ai_9684xtpa), Binance's May reserve report shows that over the past three months, apart from BTC and stablecoins, there has been almost no increase in other assets held by the exchange—some have even decreased.
Binance's May reserve report reveals changes in several asset holdings over the past three months:
$BTC: Increased by 9,729 coins (963,171,000 USD)
$ETH: Increased by 8,033 coins (15,262,700 USD)
$USDT: Increased by 324,667,715 coins
$BNB: Increased by 15,913 coins (9,706,930 USD)
$SOL: Decreased by 2,453 coins (367,950 USD)
$XRP: Decreased by 14,501,682 coins (31,613,666 USD)
$USDC: Increased by 1,696,637,283 coins
The analyst commented: "Although ETH and BNB saw nearly $10 million in growth, Binance charges spot trading fees in the traded currency, so the actual amount is much higher; it seems most of these assets have been largely sold off, consistent with current market conditions."
