Coin Edition -
- Large investors accumulated 5.09% of leading stablecoins as stablecoins mark the highest market cap since 2022.
- Whales now hold 55.37% of the total supply, indicating significant institutional participation.
- Stablecoins serve as a refuge from volatility and provide liquidity for future trades, analysts suggest.
Crypto analysis platform Santiment revealed a surge in stablecoin holdings by large investors. Their data shows that wallets containing at least $5 million in cryptocurrency have collectively added 5.09% of the total supply of leading stablecoins like Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) over the past three weeks.