Big Stablecoin Haul Moving to Gemini, Perhaps a Bullish Signal
💸 Gemini Dollar's level of supply on exchanges has skyrocketed from just under 48% to just over 62%, largely due to $6.6M worth of transfers around 7 hours ago
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💸 Gemini Dollar's level of supply on exchanges has skyrocketed from just under 48% to just over 62%, largely due to GUSD supply from a cold wallet to Gemini. Historically, stablecoin whale movement is a strong signal of planned purchases of traditional cryptocurrencies, such as Bitcoin, Ethereum, or XRP.
This could be a strong sign of another breakout, assuming world economies stay relatively stable and retail traders don't get overly greedy as prices creep up. Monitor the biggest whale transfers to centralized exchanges, and sort by the largest value transactions, highest percentage of a coin's market cap, which are the most recent, and plenty more on this FREE Santiment dashboard.
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