Express

Santiment: Over $1.2 Billion Worth of Stablecoins Deposited to Exchanges Amid Crypto Market Pullback

Amy Liu

Summary: Blockchain analytics firm Santiment says that crypto exchanges saw their largest hourly inflow of stablecoins this year amid the recent correction and consolidation in the markets. Santiment wrote, “The largest 1-hour Tether inflow to exchanges of the entire year occurred Thursday. At 8 am UTC, over 771.6 million USDT was transferred to exchanges. Then, just ...

Blockchain analytics firm Santiment says that crypto exchanges saw their largest hourly inflow of stablecoins this year amid the recent correction and consolidation in the markets.

Santiment wrote, “The largest 1-hour Tether inflow to exchanges of the entire year occurred Thursday. At 8 am UTC, over 771.6 million USDT was transferred to exchanges. Then, just 6 hours later, 454 million USDC was then transferred to exchanges, a 4-month high of its own.”

By Amy Liu

Last Update:

Tags: ,,
Link: Santiment: Over $1.2 Billion Worth of Stablecoins Deposited to Exchanges Amid Crypto Market Pullback   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 3 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 10 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 14 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 16 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 21 days ago

    • You need to login to comment.