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Ethereum-Based USDT Records $1.29B Exchange Outflow, Largest in 3 Months

2026-05-11 21:46:53

Abstract generation in progress

Ethereum-based USDT saw about $1.29 billion in net outflows from exchanges on May 9, the largest such move in about three months. Santiment said the move may reflect funds shifting to self-custody wallets, DeFi, or OTC markets rather than leaving crypto entirely.

ETH-0.79%

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