The mysterious financial institution has transferred a sizable quantity of USDT to the important U.S.-based exchange Kraken, according to blockchain sleuth @lookonchain.
33.9 million USDC were taken out of Circle by two wallets that @lookonchain thinks to be under the same owner, who subsequently moved this cryptocurrency stockpile to Kraken after converting it to USDT.
https://x.com/lookonchain/status/1712039214236475639?s=20
On-chain activity with USDT is currently increasing, according to the Santiment on-chain data aggregator. A three-month high in active wallets has been reached, mostly as a result of more USDT deposits being made to cryptocurrency exchanges.
Additionally, according to Santiment, cryptocurrency wallets with between 1 million and 10 million USDT are now aggressively buying stablecoins. Both of these variables point to future interest in purchasing crypto using this USDT, according to Santiment.
https://x.com/santimentfeed/status/1711773772163031508?s=20
The two most popular cryptocurrencies, Bitcoin and Ethereum, are now selling at a discount. Since Monday, Bitcoin has decreased 2.75% and is now worth $27,161 per coin. Over the same time frame, the price of Ethereum has decreased by 3.70%, currently trading at $1,573 per coin.
