Storj reserves on Binance fall to six-month low
- —STORJ reserves on Binance stand at 12.08 million tokens, a six-month low
- —Average daily net outflow was 234,566 STORJ over the past week
- —On-chain transfers averaged 296.2 million tokens per day, up 705% from the three-month average
- —Reserves fell 63.9% over the month and 71.8% versus the three-month average
Why it matters: A shrinking STORJ supply on exchanges could reduce selling pressure, but rising on-chain activity points to token redistribution.
Source: Bitcoin Sistemi