Tether USDt

<ul><li>Top 10 Tether wallets now hold a staggering 24.8% of the entire supply.</li><li>Wallets exceeding $1B in USDT value display a notable rise since April.</li><li>USDT on-chain transactions hit their pinnacle since August, exceeding $5.6B.</li></ul>In a recent development within the cryptocurrency market, the top Tether (USDT) wallets have witnessed significant accumulation, indicating a renewed interest in the popular stablecoin. As the crypto market experienced a surge in activity, the top 10 largest USDT wallets collectively hold a quarter of the entire USDT supply, marking the highest accumulation since March.Santiment, a platform with on-chain and social metrics for cryptocurrencies, shared a Twitter post providing the accumulation of Tether (USDT) in the top wallets and the surge in on-chain transaction volume.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/12a912edbb9b4adf90d90356cc5e0c3b.png" />The <a href="https://app.santiment.net/charts/jBL3Vs16__sCl" rel="noopener noreferrer nofollow">data</a> revealed that a staggering 24.8% of the entire USDT supply is now concentrated in the hands of the top 10 wallets. This accumulation trend is further exemplified by the fact that wallets holding $1 billion or more in USDT now hold a combined total of $5.55 billion, reaching levels last seen in April.One noteworthy aspect of this accumulation is its impact on the on-chain transaction volume of USDT. Over the past few days, USDT on-chain transaction volume has surged to exceed $5.6 billion, marking the highest levels since August. This surge in transaction activity underscores the increased usage of USDT for various purposes, including trading, investments, and transfers.Read full article at <a href="https://cryptotale.org/significant-accumulation-spikes-witnessed-in-top-tether-wallets/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Significant Accumulation Spikes Witnessed in Top Tether Wallets

CryptoTale

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