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The Daily Hodl 2023-04-25 11:04:37

Crypto Whales and Sharks Rapidly Eating Up Top Stablecoins for Past Month During Market Bounce: Santiment

Large crypto addresses have been accumulating stablecoins amid the crypto volatility in April, according to the analytics firm Santiment. Santiment notes that shark and whale wallets, or addresses holding between 100,000 and 10 million of the stablecoin Dai (DAI), have acquired 6.4% of the asset’s supply since their DAI holdings bottomed out six weeks ago. The post Crypto Whales and Sharks Rapidly Eating Up Top Stablecoins for Past Month During Market Bounce: Santiment appeared first on The Daily Hodl .

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