Fearing a De-peg, Whales Dump $710 Million Worth of Tether (USDT)
Whales have been actively dumping their USDT holdings on the market after the danger of a de-pegging, according to the most current statistics from Santiment. The price of USDT briefly fell to $0.97 yesterday, but quickly returned to $1.
Key whale addresses sold $710 million of Tether in yesterday’s trading session alone, according to on-chain statistics. The enormous selloff is currently regarded as the greatest one-day dump of USDT on whale addresses in history. Santiment has not supplied any information regarding the network to which these IP addresses were assigned.The fundamental cause of the whales’ concern was very definitely UST’s difficulties in maintaining the peg with the US dollar.
Source
@Bitcoin_Ethereum_Altcoins
