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❕NEWS Tether Whales move 110 million USDT in 1 hour.

De-rector

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According to Nairametric.com tether which has market cap value of $9.61 billion. It is the third largest coins and the most valuable coin in the world. The major holders of this coin move $110 million USDT from the Crypto currency exchange to a different exchange wallet in less than 1 hours between 3.35am to 4.25 am today. What could be responsible for this.?.
 

Wisdom01

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Am surprise that stable coin like tetherr still have whales , well it might be someone that moved it because there hasn't be any alarming news about the coin
 

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People love stability, that's why even Tether has whales, I'm pretty sure that most other stablecoins also have whales. It's a good investment just in case the fiat collapse in this pandemic.
 

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But its surprising people keeps such number of stable currency in an online exchange wallet which is risky, because they could have converted it to normal flat currency and save it in the bank for interest
 

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But its surprising people keeps such number of stable currency in an online exchange wallet which is risky, because they could have converted it to normal flat currency and save it in the bank for interest

In this pandemic, the economy is in fluid state, no better are the US economy, their fiat value is having a wild fluctuation, that's why it's better for some people to store their money in stablecoin to avoid fiat fluctuation.
 

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In this pandemic, the economy is in fluid state, no better are the US economy, their fiat value is having a wild fluctuation, that's why it's better for some people to store their money in stablecoin to avoid fiat fluctuation.
Hmm I thought the flat value is the same as the stable digital currency because 1 usdt = $1 and they both have effect of inflation , since they are almost the same just that one is digital
 

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To edge against inflation, people now save their funds in stable coins especially those with very weak fiat of their country, so, whales would inevitably be present in stable coin investments.
 

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To edge against inflation, people now save their funds in stable coins especially those with very weak fiat of their country, so, whales would inevitably be present in stable coin investments.
Yeah people do so and now that many people country currency are devaluing , many people are saving in usdt because they don't want their wealth to be devalued
 

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110 million dollars ??? , many are storing huge amount in usdt for many reasons , so the whales is keeping his money there but am not sure if he is using such for trading
 

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110 million dollars ??? , many are storing huge amount in usdt for many reasons , so the whales is keeping his money there but am not sure if he is using such for trading
It depends on the country the whales resides if it's a country that has a weak currency I might be keeping him for the sake of inflation or you might be using it for trading or staking.
 

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110 million dollars ??? , many are storing huge amount in usdt for many reasons , so the whales is keeping his money there but am not sure if he is using such for trading
Maybe he is storing them them there and might split the money when it comes to trading , because am sure if someone use that money for trade he could end up in more profit
 

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It depends on the country the whales resides if it's a country that has a weak currency I might be keeping him for the sake of inflation or you might be using it for trading or staking.
It might be from the country whales with weak currency,but who would take that risk and invest such amount in an online site
 

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Yeah people do so and now that many people country currency are devaluing , many people are saving in usdt because they don't want their wealth to be devalued
Yeah! It is also a good way to save your profits from trading Cryptos because of the volatility that is part of the various coins especially bitcoin.
 

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Yeah! It is also a good way to save your profits from trading Cryptos because of the volatility that is part of the various coins especially bitcoin.
It helps in so many ways , you are right traders mainly use it to store their profit and continue the trading they are actually doing before
 

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Yeah! It is also a good way to save your profits from trading Cryptos because of the volatility that is part of the various coins especially bitcoin.
A lot of people have made so many loss trading coins if there was no presence of stable coins , things would have been really worse
 

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A lot of people have made so many loss trading coins if there was no presence of stable coins , things would have been really worse
I agree that stable coins are actually life savers while trading. That is why the market capitalization for them keeps increasing..
 

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If stablecoins don't exist people will constantly loose From their gains and investment because coins at a point in time dip and surge again.
 

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I agree that stable coins are actually life savers while trading. That is why the market capitalization for them keeps increasing..
They are life savers , many people focus on them and make use of them to trade , because of how effective and helpful they are
 

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Safe zone coin is what stablecoins are , they are just wonderful , did you guys know that some people also trade stablecoins especially those who are conversant with forex.
 

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Safe zone coin is what stablecoins are , they are just wonderful , did you guys know that some people also trade stablecoins especially those who are conversant with forex.
Really? What profits stem from trading stable coins? I mean what pairing are there to bring about gains? Anyways, I guess those are higher levels of expertise in trading.
 
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