Lookonchain: Tether has sent 162 million USDTs to Binance

According to reports, according to Lookonchain data, Tether cast 1 billion USDTs in the wave field network an hour ago, and then sent 162 million USDTs to Binance, while 28.6 million USDTs were sent to Kraken.

Interpretation of this information:

The recent reports suggest that Tether has cast 1 billion USDTs in the wave field network and later, 162 million USDTs were sent to Binance, while 28.6 million USDTs went to Kraken. This news has stirred up a lot of discussions in the crypto market, and many are interpreting it differently.

Some believe that the casting of such a significant amount of USDTs shows Tether’s dominance in the market. It is the most extensively used stablecoin, and its popularity has only increased due to the current rise in the crypto market. This move by Tether can be seen as a calculated decision to maintain its share in the market and keep up with the growing demand.

Additionally, the transfer of USDTs to Binance and Kraken can also be seen as a sign of the rising popularity of these exchanges. Binance and Kraken are two of the most prominent crypto exchanges globally, and their popularity has only grown with time. The transfer of USDTs to these exchanges signals that they are still relevant in the market, and investors are using them extensively.

However, others are speculating that this move may have negative effects on the market. The casting of such a large amount of USDTs may result in inflation, which can have adverse effects on the market. This move may have a ripple effect on the rest of the crypto market, leading to volatility and fluctuations.

Overall, the move by Tether to cast 1 billion USDTs and transfer 162 million USDTs to Binance and 28.6 million USDTs to Kraken has created a stir in the market. While some are interpreting it positively as a sign of dominance and popularity, others are concerned about the potential negative impacts on the market.