Due to the popularity of memes and on chain activities, IOTX has suspended withdrawals on multiple trading platforms

BlockBeats News: On November 20th, according to feedback from the IoTeX community, multiple trading platforms including Binance, MEXC, etc. suspended their withdrawal channels from IOTeX to the IoTeX mainnet. Binance stated that "withdrawals will be temporarily suspended during the hot wallet replenishment period". The large-scale suspension of coin withdrawals this time may be related to the DePIN Super Ecological Season event jointly promoted by IoTeX, Meme DePINs on the IoTeX chain, and IoTeX and OKX. As a leading infrastructure platform for DePIN, its on chain memes DePINs have continued to rise under the popularity of the DePIN concept. During the same period of on chain activities, the APR of DeFi platforms reached as high as 600%, attracting a large number of users' attention. The suspension of withdrawals this time may resume within the day, and current users can still participate through on chain cross chain bridges and other means.