Stablecoin

USDC

BUSD

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<ul class="news-points"> 
 <li><strong>Santiment revealed that whales have been stocking up on stablecoins like USDT, USDC, DAI, and BUSD.</strong></li> 
 <li><strong>The YTD market shares for some of the most popular stablecoins in the market have drastically changed, according to trader Ali.</strong></li> 
 <li><strong>Only USDT and TUSD saw their YTD market shares increase.</strong></li> 
</ul> 
<p>The on-chain analytics platform, Santiment, shared on Twitter today that stablecoins are being accumulated by key whale and shark wallets as the <a href="https://coinedition.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">price of Bitcoin (BTC)</a> remains below $30,000. Santiment’s data indicated that stablecoins such as Dai (DAI), Binance USD (BUSD), USD Coin (USDC), and Tether (USDT) are being targeted by these large holders.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Key <a href="https://twitter.com/hashtag/whale?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#whale</a> &amp; <a href="https://twitter.com/hashtag/shark?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#shark</a> <a href="https://twitter.com/hashtag/stablecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#stablecoin</a> wallets appear to be loading up during <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a>'s visit below $30k here at the end of the month. <a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Tether</a>, <a href="https://twitter.com/hashtag/USDCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#USDCoin</a>, <a href="https://twitter.com/hashtag/BinanceUSD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BinanceUSD</a>, &amp; <a href="https://twitter.com/hashtag/Dai?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dai</a> are all seeing supply shifting into these key wallets. Explore more with Sanbase PRO. <a href="https://t.co/vnmD8qjcov" target="_blank" rel="noopener noreferrer nofollow">https://t.co/vnmD8qjcov</a> <a href="https://t.co/2PB5HAgoj9" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/2PB5HAgoj9</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1685895040558899200?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 31, 2023</a> 
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<p>It is also worth noting that the year-to-date (YTD) market shares for some of the largest <a href="https://coinedition.com/what-is-a-stablecoin/" rel="noopener noreferrer nofollow">stablecoins</a> in the cryptocurrency market have seen some drastic changes over the past year. Thi…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/stablecoin-accumulation-surges-as-btc-lingers-below-30k/">Stablecoin Accumulation Surges as BTC Lingers Below $30K</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Stablecoin Accumulation Surges as BTC Lingers Below $30K

Coin Edition

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