Insights Whales are Collecting Stablecoins While Markets Have Ebbed and Flowed Since the All-Time High
Whales are Collecting Stablecoins While Markets Have Ebbed and Flowed Since the All-Time High
The supply of #stablecoins appear to have been rapidly accumulated by large wallets over the past 3 weeks. Wallets holding at least $5M in #crypto have added a collective 5.09% of the combined supplies of $USDT, $USDC, $BUSD, $DAI, $TUSD, and $USDP.
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How can we interpret this? Profit taking? Thanks for all your work Brian 🤝
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Hey Trav! It looks like the continued rise in overall stablecoin market cap is a good sign for bulls. And for $5M+ whale wallets accumulating rapidly, this also appears to be good news for the prospects of future buying power they can inject into the market when they decide the time is right.