Storj Reserves on Binance Plummet to Six-Month Low

Binance's reserves of Storj (STORJ) have reached their lowest level in six months, according to data from CryptoQuant. The exchange now holds approximately 12.08 million STORJ tokens.

The decline in reserves is attributed to a shrinking reserve base rather than increasing withdrawal volumes. In fact, the total outflow amount contracted by 96.2% on a monthly basis during the same period.

The data also shows that the average daily net STORJ flow was minus 234,566 tokens, while the number of active addresses and recipient addresses increased significantly. The median transaction size rose 72.8%, to 6,643 tokens.