ETH Withdrawals Reach Record High as Vitalik Calls for Sanctuary Tech

Investors have been withdrawing large amounts of Ether (ETH) from exchanges in recent months, with over 31 million ETH leaving platforms in February alone.

According to data from CryptoQuant, the total amount of ETH withdrawn from exchanges reached a record high in February, with Binance leading the pack at around 14.45 million ETH.

The trend has continued into March, with exchange reserves hitting an all-time low on March 2. This suggests that investors are increasingly confident in the long-term value of ETH and are choosing to hold their assets off-exchange instead.