"Last Week, $1.2 Billion USDT Inflowed into Exchanges via TRON Network"

Son Min

Summary

It was reported that over $1.2 billion USDT flowed into centralized exchanges via the TRON network last week.
The USDT inflow suggests that TRON is playing a significant role in the stablecoin market.
The increase in USDT inflow indicates the possibility of investors preparing for dip buying or unwinding long positions.

Over the past 7 days, a large amount of Tether (USDT) has been transferred to centralized exchanges (CEX) via the TRON (TRX) network.

On the 9th (local time), IntoTheBlock stated on X, "Over the past 7 days, more than $1.2 billion USDT has been transferred to exchanges via the TRON network," adding, "This suggests that TRON is playing a significant role in the stablecoin market." They further added, "The increase in USDT inflow may indicate that investors are preparing for dip buying or unwinding long positions."

As of 4:21 PM, TRON is trading at $0.2290, down 1.97% compared to 24 hours ago, based on the Binance USDT market.

TRX

USDT