TrueUSD Sees a Massive Drop in Whale Holdings, Here’s How Much TUSD Wallets Dumped

2023-11-30 10:00

Market intelligence firm Santiment reveals a significant upheaval in the top echelons of the TrueUSD (TUSD) market. The top 100 wallets, wielding considerable influence, have collectively shed a staggering 27.8% of their TUSD holdings within the past week—a monumental dump amounting to $181 million.

The repercussions of this mass exodus reverberate through the stablecoin landscape. TrueUSD, buoyed by recent events, has ascended to the position of the 4th largest stablecoin, a noteworthy feat achieved during the month of October. This ascendancy is particularly notable as it comes on the heels of BinanceUSD witnessing a significant contraction in its market cap.

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Global Crypto Market Cap Hits $1,500,000,000, Have We Earned It? Why is Solana (SOL) Price Up? Investor Attention Moves From Terra Luna And BNB As New Altcoin Takes Center Stage

The movements of influential wallets can send ripples through the market. The TrueUSD saga sheds light on the dynamic shifts within the stablecoin hierarchy and underscores the ever-changing nature of the crypto landscape.

As the dust settles, the current TrueUSD market cap stands at $2,957,058,706, indicating a notable downturn of -11.8% in the last 24 hours.

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The post TrueUSD Sees a Massive Drop in Whale Holdings, Here’s How Much TUSD Wallets Dumped appeared first on CaptainAltcoin.

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