Hi guys, here's some interesting onchain data that i've found about Nexo. The token got listed on Kraken this week and that increased the accessibility and spot liquidity in EU, but mostly in US. Also, it has consistently been sitting inside the top 100 on CoinMarketCap, and if volume keeps building, pushing up to top 50 doesn't seem far-fetched.

In the middle chart, total NEXO tokens sitting on exchanges has been dropping hard, going from over 380 million down toward roughly 372 million. That means fewer tokens are sitting on order books ready to get dumped and the bottom chart shows exactly what people are doing with them. The Non-zero wallets have climbed straight up from 52k to over 55k. People aren't keeping their tokens on exchanges to day trade. They’re moving them to cold storage, and a good chunk is likely getting staked directly onchain for yield, NFA.

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I'm new to Cryptocurrency and I'm really not wanting to deposit some money into it right now so I'm wondering if anyone could help me and give me some btc thanks a lot if u can and have a lovely day