It's good because if someone wants to buy hive on exchanges, there are now less coins that could be bought. A reduction of supply is good for the price.
Thank you. But what is the reason people are suddenly withdrawing from exchanges? It will be good if they are going to stake on Hive and participate, but if they are planning to dump it somewhere else (into Justin Sun's wallet) it might be a bad thing.
It's good because if someone wants to buy hive on exchanges, there are now less coins that could be bought. A reduction of supply is good for the price.
Thank you. But what is the reason people are suddenly withdrawing from exchanges? It will be good if they are going to stake on Hive and participate, but if they are planning to dump it somewhere else (into Justin Sun's wallet) it might be a bad thing.