whales seemed to have decided on relegating other stablecoins with their current preference for the Binance stablecoin, BUSD., a CryptoQuant analyst, on 27 September, the cryptocurrency exchange experienced its highest trading volume since June.
According to the analyst, this was due to increased whale activity. Consequently, another noticeable aspect was that the increased trading volume was accompanied by a preference for BUSD by the same whales.While Mignolet noted that the inflow did not lead to withdrawals, some other movements were witnessed in the overall exchange activity.
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