{"id":164044,"date":"2024-04-03T12:59:02","date_gmt":"2024-04-03T12:59:02","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164044"},"modified":"2024-04-03T12:59:05","modified_gmt":"2024-04-03T12:59:05","slug":"whales-and-institutional-investors-continue-accumulating-stablecoins-and-already-control-a-large-part-of-the-market","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/whales-and-institutional-investors-continue-accumulating-stablecoins-and-already-control-a-large-part-of-the-market\/","title":{"rendered":"Whales and Institutional Investors Continue Accumulating Stablecoins and Already Control a Large Part of the Market"},"content":{"rendered":"
TL;DR<\/p>\n
The recent massive accumulation of stablecoins by large investors has caught the attention of the financial community.<\/strong> According to data provided by the crypto analytics platform Santiment, in the last three weeks, wallets<\/strong> <\/a>containing at least $5 million in cryptocurrencies have collectively added 5.09% of the total supply of top stablecoins<\/strong>, such as Tether (USDT)<\/a>, USD Coin (USDC), and Binance USD (BUSD).<\/p>\n Such accumulation has driven the combined market capitalization of these stablecoins to its highest level since 2022, surpassing $143 billion<\/strong>. Additionally, whales now hold 55.37% of the total supply of these stablecoins, indicating significant involvement in the market.<\/strong><\/p>\n \ud83e\udd11 The supply of #stablecoins<\/a> appear to have been rapidly accumulated by large wallets over the past 3 weeks. Wallets holding at least $5M in #crypto<\/a> have added a collective 5.09% of the combined supplies of $USDT<\/a>, $USDC<\/a>, $BUSD<\/a>, $DAI<\/a>, $TUSD<\/a>, and $USDP<\/a>. https:\/\/t.co\/BIR43pbgNO<\/a> pic.twitter.com\/oCGzD8wqEU<\/a><\/p>\n — Santiment (@santimentfeed) April 2, 2024<\/a><\/p><\/blockquote>\n\n