DEX platform ETH holdings reached 8.97 million, hitting a new low in nine years

According to CoinDesk, according to data tracked by CryptoRank and Santiment, the amount of Ethereum (ETH) held in wallets pegged to centralized exchanges has dropped to its lowest point in nine years at 8.97 million. This is the lowest record since November 2015. Continuous outflow of tokens from centralized trading platforms may lead to a decrease in the supply of tokens in the market, causing a surge in prices. BTC also showed a similar trend, with prices soaring after exchange holdings hit their lowest levels in seven years.