33.9 Million USDT Injected into Crypto Market by Institution, Here's What It Signifies

Blockchain sleuth @lookonchain has spread the word that an anonymous financial institution has deposited a massive amount of USDT to major U.S.-based

Two wallets that @lookonchain believes to be controlled by the same owner withdrew 33.9 million USDC from Circle, and then, after converting them to USDT, transferred this crypto stash to Kraken.October 11, 2023 Santiment on-chain analytics aggregator has also noticed increased on-chain activity taking place with USDT at the moment. The number of active wallets has reached a three-month peak; mainly this is happening thanks to an increase of USDT deposits made to crypto exchanges.Aside from that, Santiment reports, crypto wallets holding between 1 million and 10 million USDT are actively purchasing stablecoins now.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.SEC Gains Major Support in Coinbase Legal Brawl

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