Crypto Whales Holding Big Amid Market Corrections, Santiment Reports Reveal!

Crypto analytic platform Santiment has highlighted that whales have held a significant amount of a particular class of digital assets during market corrections. Here are the detailed Santiment reports! Activity in Stablecoins! The market intelligence firm proposed that many whales and sharks did not completely cash out of their digital assets during the crisis. Instead, they parked their fortunes in stablecoins. Stablecoins are digital assets with values pegged to a specific commodity or currency like the US dollar. Santiment analyzed what sharks and whales, with wallets ranging from $100,000 to $10 million, did with their crypto assets at any given time. The data shows that sharks and whales accumulated relatively high amounts of the stablecoins Tether (USDT), US Dollar Coin (USDC), and Dai (DAI). In its statements, Santiment included the following remarks: Sharks and whales holding Tether surpassed 40% of the supply held since November 2021, which is the highest […] The post Crypto Whales Holding Big Amid Market Corrections, Santiment Reports Reveal! appeared first on COINTURK NEWS.