The institutional investor withdrew tens of millions of USDT from the treasury of Tether, the world’s largest stablecoin issuer.
The corporate whale, which attracted attention with its recent USDT transfers, has taken action again. Reported by on-chain analysis platform Lookonchain to data According to corporate whale Tether from the treasury 30 million USDT by purchasing these assets and transferring them to the cryptocurrency exchange in 2 parts. to Coinbase transferred.
Corporate whale approx. within 1 month Total from Tether treasury 580 million USDT By purchasing it, he clearly demonstrated his appetite for the cryptocurrency market. Since Balina transferred all 580 million USDT to the exchanges, there is currently only Ethereum (ETH) worth $690 is available.
Tether took action shortly after these large purchase transactions of the corporate whale. Minted another 1 billion USDT. Experts interpreted such stablecoin printing as an increase in risk perception in the market and investors taking action to buy more.
Market experts are concerned about these stablecoins held by institutional investors. Bitcoin (BTC) and stated that he would invest in altcoins. Cryptocurrency market value, which has been increasing continuously for the last month, has recently $1.44 trillion He also managed to break the level. This was perceived as both individual and institutional investors adding more dollars to the market.
According to CoinGecko data, Tether’s current total supply is 8to 6.5 billion USDT has reached.