Poolin sent over 5K Bitcoin to exchanges since May 30
The Poolin mining pool signals further distress as its BTC to exchanges count continues to climb.
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Quick Take
- On June 5, CryptoSlate reported that a high volume of Bitcoin was being sent from miner balance to exchanges.
- Further analysis has confirmed a significant proportion of the miner outflow is attributable to the Poolin miner pool.
- Poolin sent 1,200 Bitcoin to Binance yesterday. This takes their total BTC outflow to 5,800 since May 30.
- CryptoSlate had previously reported that Poolin was experiencing distress, leading to a 94% decline in their hash rate from all-time highs.
