Investors have taken out 10 billion dollars out of tether in these past few weeks according to
The GuardianYou can visuals it better by looking at their marketcap graph:
https://imgur.com/Q5s0Sgkas you can see this has never happened before and the people who are selling out their USDTs are not your average joes but rather the whales,so what do you think ? Do they know something we dont ?
I think investors must have think that maybe a similar thing could happen to Tether like the UST of Terra. So maybe they are slowly withdrawing some it and now up to 10 billions have been taken out in the past few weeks.
Of course, for average joe this is scary and alarming because this could mean another crypto bloodbath. Hopefully though those whales are putting it back in the market in other forms of crypto, like bitcoin and any other solid altcoins.