Large Amounts of TUSD Has Flowed to Exchanges in Last 48 Hours
- Santiment tweeted that large amounts of TUSD has flowed to exchanges yesterday.
- The exchange supply for TUSD has risen to its highest level since June 22, 2021.
- Santiment shared that this increase in TUSD’s exchange supply may be a good sign for cryptos.
The blockchain analytics firm, Santiment (@santimentfeed), tweeted yesterday that True USD (TUSD) has seen waves of previously dormant coins moving to exchanges. According to the tweet, this has increased TUSD’s exchange supply to 73% for the first time since June 22, 2021.
The tweet added that stablecoins flowing to exchanges usually implies increased buying power and may be a good sign for the crypto market.
At press time, TUSD is ranked number 53 on CoinMarketCap’s list of the biggest cryptos by market cap, and has a market cap of approximately $967,957,460. The stablecoin has also seen a 10.28% decrease in its trading volume over the last 24 hours. As a result, the daily trading volume for TUSD stands at $35,875,413.
CoinMarketCap shows that the total stablecoin trading volume over the last 24 hours stands at $31.73 billion. The …
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