Cryptocurrency Short News

64% of Tether Supply Steered by Just 119 Addresses

news-image

Tether, the fourth coin as per market cap, is going through media scrutiny. The statistics of intotheblock claims that 64% of Tether supply of 4,108,044,456 USDT is controlled by only 119 finite addresses. It seems that traders believe in Hodling USDT instead of trading them. Moreover, the transaction volume over one hundred thousand US dollars ($100,000) was over three and a half billion US dollars ($3.52 billion) in one week’s span. The report further claimed that though traders hodl USDT, the average holding period is 21.2 days.

Advertisement

Moreover, Justin Sun is celebrating as Tether trading on TRON exchange reaches 91M.

Tags
Show More

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button
Close
Close