From the distribution of reserve assets in the asset proof data from different CEXs, some of their characteristics can be observed.
Generally speaking, the top three reserve assets in CEXs are usually BTC, ETH, and the platform tokens of the CEX. Some small and medium-sized CEXs have BTC, ETH, and SHIB as their top three reserve assets. This indirectly indicates that during the last bull market, the king of meme coins, SHIB, was considered a tier-1 asset. Therefore, it appears that the meme supercycle did not start today.
The distribution of Huobi's reserve assets shows characteristics of established names; apart from the two platform tokens, TRX and HTX, it also includes classic assets represented by XRP, Doge, and the new force SOL. These two types of assets are precisely the main line of this market trend. Thus, during this wave of the market, Huobi's reserve assets naturally rose with the tide.
Huobi's period of downturn seems to have ended, looking forward to it leveraging this to initiate a new growth curve.
