USTC Plummets by 25.93% as Major Investors Withdraw Funds With in Last Few Hours Caused A Dump ($104.01 Million)!
USTC, TerraClassicUSD (USTC) experienced a significant decline, dropping by 25.93% to $0.01702.
The cryptocurrency's recent downturn has been exacerbated by the withdrawal of funds by major investors, including prominent whale accounts.
According to data provided by CoinMarketCap, USTC's trading data on Binance reveals a sharp fall in its price from $0.023 to $0.01702, indicating a severe lack of investor confidence.
This dramatic decrease has pushed USTC to rank 399th in the market, with a market cap of $104.01 million (approximately ₹8.68 billion).
The fully diluted market cap stands at $151.5 million, with a circulating supply of 6.15 billion USTC and a total supply of 8.96 billion USTC.
USTC has seen better days; its all-time high was $1.0468 on January 30, 2021. However, the cryptocurrency hit an all-time low of $0.0062 on June 19, 2022.
The current market dominance of USTC is a mere 0.0044%, reflecting its diminished position in the crypto market.
The mass exodus of whale investors, who hold substantial amounts of cryptocurrency, has undoubtedly contributed to the recent plunge.
Their actions typically signal broader market sentiments and can precipitate further declines as smaller investors follow suit.
Investors should note that the information provided is purely informational and carries no warranty or representation of accuracy.
The volatile nature of cryptocurrency markets necessitates a careful and informed approach to trading.
This data highlights the inherent risks in the cryptocurrency market and serves as a reminder of the swift changes that can occur in digital asset valuations.
As always, it is crucial for investors to perform thorough due diligence before making any financial decisions.
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