Quote from: Xal0lex on Today at 10:41:21 PM

Quote from: PaulBf1 on May 26, 2022, 11:15:17 PM

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 ?

Most likely, the withdrawal of assets is related to the recent event of the loss of the peg by stablecoins, caused by the events around Terra. The media often writes about the contagion effect, that investors, under the pressure of panic, withdraw their funds and redistribute them to safe havens to wait out this uncertainty in the market. In addition, some evidence suggests that the entire stablecoin industry has experienced an outflow of funds from these assets, as the market is in a bearish trend and this is a normal occurrence.

In any case, if you are trying to hint at a possible usdt scam with these factors, it is unlikely to happen. The market has not yet recovered from the panic that LUNA started, so it is not surprising that investors are leaving the crypto space for a while.

I am more on the idea that some of these whales are cashing out.
Though we can't deny the possibility that some are afraid that USDT may also crashed.
Remember the time that USDT team admitted they were not fully backed by USD assets?
So these whales or big holders maybe are just ensuring their funds are secure in other form.
But I don't think USDT will turn to be scam also. People behind this are already well-known in this market.
And I think, they are pretty established as compared to UST, which is algo-based (no backing of fiat).