Blockchain enthusiasts, Tether (USDT) has been active recently, with exchange supply increasing significantly and top address holdings rising. What does this mean? 😏
First, the exchange supply surged from 17.6% to 24.7%, indicating that more traders and investors are using USDT to quickly enter and exit other cryptocurrencies. 🚀Secondly, USDT’s presence on exchanges reached its highest level in 6 months, suggesting continued growth in demand for stablecoins. 📈
Finally, the top 10 USDT address holdings increased from $7.30 billion to $9.42 billion in 3 months, highlighting interest in USDT as a store of value. 💰
These trends reflect the changing landscape of the cryptocurrency market, where stability and liquidity are highly valued. 🌊
What do you think? Feel free to speak freely in the comment area! 🗣️