BEARISH 📉 : Iran Crypto Outflows Surge 700% After Airstrikes and Internet Blackout

Following explosions in Tehran, cryptocurrency withdrawals from Iran's largest exchange surged by 700% as US and Israeli airstrikes were reported.

Blockchain data indicated a rapid increase in outflows, with wallets linked to Nobitex sending millions of dollars within minutes of the strike.
This activity suggests an immediate response to geopolitical events, as digital assets moved to external and overseas exchanges.
Internet connectivity across Iran dropped by 99% shortly after, slowing outgoing transactions significantly.

TRM Labs noted the spike might reflect short-term panic rather than a coordinated capital move.
Iran's economy, under pressure from sanctions, has seen increased crypto use as an alternative financial channel.
The surge did not affect broader crypto prices like Bitcoin, which reacted more to global risk sentiment.

For a brief period, crypto served as a vital resource for some Iranians amid geopolitical tensions, until internet disruptions halted further transactions.