Crypto Short News

64% of Tether Supply Steered by Just 119 Addresses

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.

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

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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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