Ethereum exchange reserves fell by about 475,000 ETH in early June

Ethereum balances held on major exchanges fell by roughly 475,000 ETH during the first week of June. Binance, OKX, Gemini, and Bitfinex each reported lower reserves across late May and June 7, with OKX posting the largest percentage drop over June 4–June 7. The moves coincided with ETH trading near $1,664 and a market capitalization of about $201.5 billion at the time referenced.