Post
Topic
Board Altcoin Discussion
Re: Tether loses 10 billion dollars
by
teosanru
on 27/05/2022, 21:34:36 UTC
Investors have taken out 10 billion dollars out of tether in these past few weeks according to The Guardian
You can visuals it better by looking at their marketcap graph: https://imgur.com/Q5s0Sgk

as 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 ?
Even though on this scale I do see this as a giant collapse in absolute terms obviously but if you clearly see there have been some minor hiccups in the overall chart earlier also which means that there have been times earlier also when such things have happened, one major reason could be some upcoming bullish movement reduction in the amount of USDT might mean people are going to buy alts in upcoming month. It's too difficult to talk about consequences of such a small thing.