PANews reported on March 24 that according to Kaspa Report's post on X platform, despite some exchanges restricting withdrawals, Kaspa's known holdings across major exchanges have dropped to a one-month low. MEXC has been pointed out to have suspended KAS withdrawals for over 206 hours (approximately 8.5 days) with the reason of "wallet maintenance" but without providing a recovery timeline. Data shows that when MEXC has not suspended withdrawals, daily withdrawal amounts reach 3.1 million to 4.7 million KAS. Analysts claim that withdrawal restrictions pose asset liquidity risks for users, causing KAS prices on the MEXC platform to be generally lower than other platforms, suppressing market prices. The report also noted that other exchanges like Pionex face similar issues, while regulated platforms such as Uphold show stable withdrawal performance but are restricted by KYC and other requirements. Kaspa Report calls for decentralized systems as the fundamental solution.
MEXC suspended Kaspa withdrawals for a long time, causing KAS price to be suppressed. Analysts said that the decentralized system is the fundamental solution
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