PiCK
[Analysis] "Large-scale Tether Issuance Continues... Suggesting Increased Market Liquidity"
Son Min
Summary
- A large-scale issuance of Tether (USDT) has been detected on the TRON network, suggesting a potential increase in market liquidity.
- Joao Wedson indicated that the recently issued USDT signals capital inflow into the cryptocurrency ecosystem.
- Currently, TRON is trading at $0.2767, up 1.77%.
A large amount of Tether (USDT) has been issued on the TRON (TRX) network, suggesting that liquidity in the cryptocurrency market could increase.
On the 27th (local time), Joao Wedson, an analyst at CryptoQuant, reported that "a large-scale issuance of USDT has been detected on the TRON network," indicating that capital is entering the cryptocurrency ecosystem. He further added, "An increase in liquidity across the cryptocurrency market is expected."
As of 5:06 PM, TRON is trading at $0.2767 on the Binance USDT market, up 1.77% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"](https://media.bloomingbit.io/PROD/news/ddf35c9e-c582-4b4d-95b6-0c5b1673198d.webp?w=250)
