Tether’s On-Chain Activity Soars,Signaling Potential Crypto Market Recovery
Tether (USDT) has seen a surge in on-chain activity recently. This could mean traders are preparing to buy after the latest crypto dip. Market intelligence platform Santiment shared this insight.
Santiment analysts believe the rise in USDT volume shows traders are ready to act. They frequently enough move to stablecoins like USDT during price drops. Then, they use this buying power to invest in Bitcoin (BTC) and other top coins when the time is right.
Data from Santiment shows a six-month high in USDT wallet transfers. Over 143,000 wallets made transfers in one day. This spike usually helps the crypto market recover. Stablecoins act as a safe haven during sell-offs. Traders use them to avoid losses and buy when the market turns.
With BTC and altcoins facing big losses, Tether’s activity has increased. The number of daily active addresses and network growth reflects this.Santiment noted a similar surge in mid-September, which led to Bitcoin’s all-time high above $109k.
Could the 143,480 USDT wallets that transferred on March 11, 2025, signal another bull run? Only time will tell. But the current activity is a positive sign for the crypto market.
