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The exchanges have to power down their Hive Power. That's still a lot each week.

That makes sense, thanks for the clarification. It's been active for about 3 weeks so I suppose we'll likely see these big powerdowns for another 8 weeks or so then?

@binance-hot currently has 7,361,810.054 HP, which they power down in 4 parts (4 weeks). Their next vesting withdrawal is tomorrow. After that, 3 more weeks to go.

Ah yes, makes sense. Thanks for the info.