Crypto.com outflows are getting spicy

Two days ago on twitter cdc said their cold wallet was approx 3b..

Kris on twitter:

https://twitter.com/kris/status/1591036632664518657?s=46&t=OwdL_LONdWGAYA43Wt9sdw

I checked in to their official dashboard an hour ago and it was down to 2.5b. Its at 2.3b right now. Thats alot of withdrawal volume and just shows how precarious the state of crypto is right now. Social media generates noise and people rush for the exits.

The more folks that move their longterm positions to cold wallets, the better honestly. Crypto is already a risky proposition, you definitely want to limit your overall risk by limiting your exposure to cefi unknowns where possible.

Cdc’s official cold wallet dashboard: https://portfolio.nansen.ai/dashboard/crypto.com

The crypto circus continues. I wonder where that puts us on the fomo cycle?