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Sanitation: Seven stablecoins worth at least $9 million have been transferred to Binance in the past 24 hours, or have driven market prices up

According to online reports, Sanitation issued a document saying that after the general decline in the market after Christmas, there was a trend of whales moving stablecoins to exchanges in the cryptocurrency market. According to Sanctuary's top CEX deposit dashboard, in the past 24 hours alone, there have been seven different Binance deposits, each worth at least $9 million, including a deposit worth $50 million (2.33% of the total supply). When the dashboard mainly shows stablecoins being deposited on exchanges, this is a strong signal that whales are preparing for some purchases, which could drive overall market prices higher. While there is no guarantee that the whales will use the funds immediately, considering the final days of 2024, it can be seen as a bullish sign.

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