USDT wallets on Ethereum drop by 251K in 11 days
- —USDT wallets on Ethereum fell by 251,350 in 11 days
- —This is the sharpest short-term drop since the period after the FTX collapse
- —The total number of non-empty USDT wallets is about 15.75 million
- —Santiment: users may have consolidated wallets or moved to other networks
Why it matters: A sharp contraction in the wallet base could indicate a shift in USDT holders' behavior and a flow of activity to other networks.
Source: Koin Bülteni