IRYS, AXIS and BLAST Lead Altcoin Spot Outflows at $78.65 Million

Oct. 25 figures put IRYS, AXIS and BLAST atop altcoin spot outflows, with $78.65 million combined as BLAST users faced an Oct. 26 deadline to move assets to Ethereum.

The figures were reported Oct. 25 for the preceding 24 hours. IRYS led at $30.65 million in net spot outflows, followed by AXIS at $25 million and BLAST at $23 million. Bitcoin (BTC) also recorded net spot outflows of $166 million, while Ether (ETH) had $114 million. Bitcoin’s outflow was more than five times IRYS’ figure, and Ether’s was nearly four times as large.

IRYS had surged above $0.32 during a short squeeze on Oct. 24 before reversing. AXIS was listed on Upbit on Oct. 21 and Bithumb on Oct. 24.

The BLAST project announced earlier in October that it would stop operating, and users must move assets to the Ethereum mainnet by Oct. 26. Upbit scheduled BLAST spot trading to end that day. The withdrawal deadline and planned end of trading both fall Monday.