Santiment: USDT On-Chain Activity Surges, Over 143,000 Wallets Make Transfers

Updated

March 14, 2025

Gambar Santiment: USDT On-Chain Activity Surges, Over 143,000 Wallets Make Transfers

Jakarta, Pintu News – Increased Tether on-chain activity in recent weeks suggests potential buying pressure following the crypto’s recent price decline. Market intelligence platform Santiment reported that on-chain data related to Tether (USDT) shows this indication.

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Increased On-Chain Tether Activity

💸 Tether's on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high). When $USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering. pic.twitter.com/siFOR7vSf7
— Santiment (@santimentfeed) March 12, 2025

Recent analysis from Santiment shows a spike in Tether (USDT) volumes, indicating a change in trader dynamics. Traders seem to be capitalizing on the opportunity by preparing capital in stablecoins.

When major market prices drop, traders often take positions in the top stablecoins, using their accumulated buying power to get into Bitcoin and other major coins when opportunities arise.

Data collected by Santiment shows that USDT recorded a six-month high for the number of wallets making transfers in a single day. Yesterday alone, more than 143,000 wallets made transfers, a peak that hasn’t been seen in six months.

This increased on-chain activity often precedes a crypto market recovery. During massive sell-offs, stablecoins like Tether (USDT) and USD Coin become highly valuable as store-of-value assets. When market sentiment changes, it provides an opportunity to get a favorable deal.

Implications for the Crypto Market

With Bitcoin (BTC) and altcoins experiencing heavy losses amid broader risk sentiment, Tether (USDT) on-chain activity has risen sharply. The number of daily active addresses and network growth over the past week mirrors Tether (USDT) activity in mid-September.

On September 14, for example, Tether (USDT) witnessed the creation of 53,767 new wallets daily. This overall surge aligned with the “ideal buy time before the bull run” that subsequently saw Bitcoin (BTC) hit a record high above $109,000.

If the 143,480 USDT wallets that made transfers on March 11, 2025, could show a similar scenario, this could be a strong indicator that the market might experience a significant recovery. Market analysts watch this indicator to predict future price movements.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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