Restaking demand increased, #Altlayer was simultaneously accumulated
After $ALT and the market had a strong rekt rhythm, up to 7.51M$ $ALT was brought into the Staked ALT contract (XTER Vault) in the past 7 days
Of which only about 29% of $ALT was withdrawn from Mach Alpha pool to Xterio and the remaining 71% was accumulated from #Binance
The fact that up to 71% of staked goods were withdrawn from #Binance shows the tendency of holders to accumulate $ALT, it seems that holders are accepting the current price range to accumulate goods.
Because this amount of $ALT is staked in the Xtertio pool to receive Xterio tokens in the future, it will cause the outside supply to decrease and the discharge pressure will decrease accordingly.
The supply of $ALT on CEX exchanges has decreased by 13.15% in the past week, it is possible that holders are accumulating goods in anticipation of the Restaking trend.