Tether USDt

TrueUSD

USDC

BUSD

A recent report published by Santiment, a popular market analyst firm, revealed that the overall market cap of stablecoins has steadily declined for the past 15 months. However, amidst this decline, a notable trend has emerged among the major holders of the top stablecoins.According to a tweet by Santiment, a concerning trend is emerging in the stablecoin market, as whales and sharks increase their control while the overall market cap declines:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e665f9d22c494b0da1af93132d3a5fb5.png" />The report highlighted that the sharks and whales holding the cryptocurrencies like Tether (USDT), USD Coin (USDC), Dai (DAI), Binance USD (BUSD), and TrueUSD (TUSD) are currently holding a higher ratio of the supply than they have for quite some time. This indicates that these influential players in the cryptocurrency market are maintaining their positions and not cashing out of crypto altogether.The data presented in the report showed that large holders of Tether are currently holding over 40% of the supply, marking their highest amount since November 2021. Similarly, sharks and whales holding USD Coin and DAI also hold above 37% and just under 40% of the supply, respectively, reaching their largest amounts in recent months.Read full article at <a href="https://cryptotale.org/concerns-rise-as-stablecoin-market-cap-declines-whales-and-sharks-tighten-grip/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Concerns Rise as Stablecoin Market Cap Declines: Whales and Sharks Tighten Grip

CryptoTale

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