PANews reported on March 24 that according to CoinDesk, the number of Ether (ETH) held in wallets linked to centralized exchanges has dropped to a nine-year low of 8.97 million, according to data tracked by CryptoRank and Santiment. This is the lowest record since November 2015. The continued outflow of tokens from centralized trading platforms may lead to a reduction in the supply of tokens in the market, triggering a surge in prices. BTC has also shown a similar trend, with prices soaring after exchange holdings hit a seven-year low.