DEX platform's ETH holdings reach 8.97 million, hitting a new low in nine years

According to CoinDesk, based on data tracked by CryptoRank and Santiment, the amount of Ethereum (ETH) held in wallets linked to centralized exchanges has dropped to a 9-year low of 8.97 million. This is the lowest record since November 2015. The continuous outflow of tokens from centralized trading platforms may lead to a decrease in token supply in the market, resulting in a surge in prices. BTC has also shown a similar trend, with prices soaring after the exchange's holdings hit their lowest level in seven years.