CryptoQuant Link: FTX Stablecoin Reserves at $51M, Down 93% in Two Weeks

Ki Young Ju, co-founder and CEO of on-chain analysis company CryptoQuant, tweeted that FTX’s stablecoin reserves have just hit a one-year low, currently at $51 million, a 93% drop in the past two weeks. At the same time, the number of FTX’s ETH withdrawals per hour has also hit a record high, and FTT’s exchange token reserves have also reached an all-time high, with about 60% of FTT’s circulating supply on exchanges.