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2022-11-01 14:33:12

Massive Crypto Whale Activity In USDT And USDC Suggests Upcoming Bull Run, How?

Volatility is one of the distinguishing attributes of the crypto market that springs surprises in several observers. It creates a desirable environment for traders and investors in the crypto industry to advance with huge profits. Over the past week, the crypto market experienced the presence of the bulls in considerable measure. Most of the crypto assets made some impressive reclaims in their value. Most tokens were forced to break their resistance and advance more to the north. This pushed the cumulative market cap to its coveted level of $1 trillion. Related Reading: Dogecoin (DOGE) Price Manipulated By Whales? A Look Off And On-Chain But this week has calmed the trends in the crypto market. Hence, many crypto analysts are now observing to uncover the next possible move in the market. They’ve focused on the recent activity of some major stablecoins, such as Tether (USDT) and USD Coin (USDC). Crypto Market Set For Upcoming Volatility According to on-chain data, the stablecoins USDT and USDC have witnessed massive whale activity. Such high-valued transactions indicate the possibility of significant volatility in the future. In its report, on-chain data provider Santiment noted that the Whales engaged massively in crypto activity from Monday after the weekend volatility. It reported that the most significant digital assets with $100k+ whale transactions are the stablecoins USDT and USDC. As more considerable buying power...

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