Stablecoin

Boost

April

Coin

<ul class="news-points"> 
 <li>Large investors accumulated 5.09% of leading stablecoins as stablecoins mark the highest market cap since 2022.</li> 
 <li>Whales now hold 55.37% of the total supply, indicating significant institutional participation.</li> 
 <li>Stablecoins serve as a refuge from volatility and provide liquidity for future trades, analysts suggest.</li> 
</ul> 
Crypto analysis platform Santiment revealed a surge in stablecoin holdings by large investors. Their data shows that wallets containing at least $5 million in cryptocurrency have collectively added 5.09% of the total supply of leading stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) over the past three weeks. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ndQL4FSPYUkWSOLLI88_ZBTRZhx8H2ksqzoe-TLJmo7cg3WmAuZXkRdXJRvf0TLmB_2zF-W_ydroH9ME7zYzgQixswRdhhthFCuTzPCyD4Y8KA-Jryom9qVt_AKru4gr3o7rx4kakB1sydXI6yW-ai0" alt="">
 <figcaption class="wp-element-caption">
 <a href="https://t.co/BIR43pbgNO" target="_blank" rel="nofollow">Source: Santiment news</a>&nbsp;
 </figcaption>
 </figure>
</div> 
This significant accumulation, exceeding $143 billion (143.02B BTC), marks the highest combined market cap for these stablecoins since 2022. Interestingly, whales now hold a sizable portion, 55.37%, of the total supply of these major stablecoins. 
One possibility is investors seeking refuge from potential market volatility by parking their funds in stablecoins, which offer price stability compared to other cryptocurrencies. 
The current market capital of stablecoin stands at a total of $150.03 b…
The post <a href="https://coinedition.com/large-investors-boost-stablecoin-holdings-as-stablecoin-hits-highest-market-cap-since-2022/">Large Investors Boost Stablecoin Holdings as Stablecoin Hits Highest Market Cap Since 2022</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Large Investors Boost Stablecoin Holdings as Stablecoin Hits Highest Market Cap Since 2022

Coin Edition

2024年4月2日公開の他の記事

Ethena Labs Announces AirDrop for ENA Token Holders

Bitcoin Remains Steady as CORE Token Surges to New Heights

Bearish Analyst il Capo Shares His Expected Scenario for Bitcoin, AVAX and Altcoins in General

Cardano Loses Key Support Level: What's Next for ADA Price?

Solana killer’ Rallies 500% After Announcing New ‘Black Account’ Feature, Token Currently Priced ...

Tether grants $100k to BTCPay Server Foundation

ニュースレターを購読して暗号資産の最新情報を毎日入手！