Huobi Global sees sharp drop in inflows- Is danger lurking around the corner

HuobiGlobal sees sharp drop in inflows- Is a danger lurking around the corner

Reserves signal an alarming trendagainst Tron [TRX] founder Justin Sun, the focus shifted to Huobi Global, which is part of the ecosystem.

A look at the breakup of the exchange reserves disclosed that TRX accounted for 18.5% of the share. On the other hand, 23% of the reserves were held inThe total reserves on the CEX were $3.08 billion, as per DeFiLlama. However, if the native coins of the ecosystem like TRX and HT were excluded, the remaining value, also known as clean assets, was just $1.8 billion. The clean reserve ratio in this case was 58%.

It should be noted that if only the HT token was considered, the clean reserves stood at $2.37 billion, taking the clean reserve ratio to over 76%.heightened fears around the dominance of native coins on the balance sheet of the exchanges. To allay the fears of investors and maintain transparency, exchanges started publishing their proof-of-reserves after the incident.

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