**Binance CEO Richard Teng: Significant Inflows Amid Market Crisis**
Yesterday, Binance CEO Richard Teng shared an update on social media regarding the recent market conditions. He expressed optimism, suggesting that the recent market downturn is not expected to last long. Teng highlighted that yesterday was one of the most significant days for inflows since the beginning of the year, with Binance receiving $1.2 billion in net inflows.
Teng emphasized that this substantial influx of funds demonstrates strong investor confidence, even amidst a macroeconomic market crisis. The day also marked one of the highest trading volumes of the year. Additionally, Teng noted a rebound in the prices of key tokens, reinforcing the positive market trend.
In comparison, other exchanges also saw notable inflows: Bybit reported $276 million, while Bitfinex received $100 million.
@RichardTeng