According to Anagram partner David Alexander II, massive withdrawals of stablecoins from major exchanges (CEX) shocked the cryptocurrency market last Monday (June 24, 2024). On a daily basis, this amount reached $990 million. Coming in at $998 million, this is the highest total in the past six months, surpassing even April's record. Approximately three percent of stable coin liquidity on exchanges was wiped out by the outflow.