In this analysis, I examined USDT deposit addresses on the Tron network (TRC-20) directed to Binance. The data shows a clear trend: whales prefer Binance. Since November 2023, approximately 75% of total USDT deposits to Binance have originated from whale addresses. This suggests that large holders are using Binance as their preferred exchange for stablecoin deposits, for example to buy Bitcoin or trade futures.
Written by maartunn
