A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.
Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021
To date, 92,595 ETH have been burned following Ethereum’s London hard fork upgrade.
Bitcoin as a Safe Haven? US-Iran Tensions Rekindle Debate
Bitcoin’s recent price jump after the U.S. killing of a top Iranian official has rekindled a long-running debate among investors: whether it will work as a safe-haven asset like gold in times of heightened geopolitical and economic turmoil.