BlockBeats news, December 27, the cryptocurrency market research agency Santiment posted on social media that after a general decline in the market during Christmas, an encouraging trend has emerged in the cryptocurrency market—whales are transferring stablecoins to trading platforms. According to Santiment's CEX deposit dashboard data, in just the past 24 hours, there have been 7 deposits worth at least 9 million dollars transferred to Binance, with one as high as 50 million dollars (accounting for 2.33% of the total supply).
When the dashboard shows stablecoin deposit dominance on trading platforms, it is usually a strong signal that whales are preparing for purchases, which may drive the entire market price up. Although this does not guarantee that whales will immediately use these funds, it can be seen as a bullish signal as we approach the end of 2024.