24/7 Cryptocurrency News

Buy The Dip? Stablecoin Whale Addresses In Strong Accumulation

After 14 months of selling, Bitcoin whale addresses have been back in accumulation over the last 9 days. Stablecoin purchases also shoot
Published by
Buy The Dip? Stablecoin Whale Addresses In Strong Accumulation

On Wednesday, December 14, the broader cryptocurrency market came under selling pressure with Fed raising interest rates by 50 basis points. However, this selling remains contained as the rate hike was quite on the expected lines.

On-chain data shows that whales are back in action and have been accumulating across stablecoins including USDT, USDC, BUSD, and DAI. These addresses accumulating stablecoins are typically those with $100,000 to $10,000,000.

Courtesy: Santiment

As we can see in the above image, the lines for stablecoins holdings are all going up. This shows that big players are coming back into the crypto market and the buying power is overall increasing.

As we can see from the above images, there have been massive jumps in the $100k to $10m wallets for USDT and BUSD. In the last three days alone, key USDT wallets have accumulated $817.5 million more in buying power. Similarly, the key BUSD addresses have accumulated $104.9 million more in buying power.

On-chain data provider Santiment states that these are typically great signs after the recent FTX episode. These accumulation patterns hint that the trust in the broader crypto space still remains intact.

Bitcoin Whales Change Course

Over the last 14 months, we have been seeing that Bitcoin whales have been reducing the supply and the price drop has followed in tandem. However, there’s a fresh change in the Bitcoin whale behavior witnessed this week. The Santiment report notes:

“We have seen 159 new addresses holding between 100 to 10,000 BTC in just the past three weeks. This is the fastest growth of these addresses in 10 months. 40,747 more Bitcoin (worth $726 million) have collectively entered these key whale wallets in just the past 9 days”.

Currently, there are 15,848 such addresses that hold anywhere between 100 to 10,000 BTC. This is typically a smaller number in comparison to the 43,460,000 total Bitcoin addresses. However, the whale addresses are the ones that cause major movements in the BTC price.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025
  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025