Binance’s STORJ reserves fall to 12.08 million, a six-month low

  • Binance’s STORJ reserves fell to a six-month low of 12.08 million tokens.
  • 63.9%: Reserves fell month-on-month, while average daily net flow was minus 234,566 tokens.
  • CryptoQuant attributed the decline to a shrinking reserve base rather than larger withdrawals.

Binance’s STORJ reserves fell to 12.08 million tokens, their lowest level in six months, according to CryptoQuant data. Average daily net STORJ flow during the week was minus 234,566 tokens, while average daily on-chain transfers reached 296.2 million, 705% above the three-month average. Reserves declined 63.9% from the previous month and 71.8% from the three-month average, but total outflows contracted 96.2% month-on-month. CryptoQuant said the reserve decline reflected a shrinking reserve base rather than larger withdrawals. The sharpest negative net flow came on September 15, when about 1.11 million STORJ left Binance and net flow reached minus 1.09 million tokens. Network activity increased, with active and recipient addresses reaching 2,574 and 2,409, respectively, on September 16. Average daily transactions rose 518% above the three-month level to 4,179, while median transaction size increased 72.8% to 6,643 tokens.

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