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Tether becomes a Bitcoin whale

Tether becomes a Bitcoin whale

Tether is turning into a silent whale. In the first quarter of 2024, the publisher of stablecoins, buys BTC worth $627 million.

Whales are investors with large amounts of cryptocurrencies who can have significant influence on the market.

Because whales hold large amounts of crypto, their transactions can cause price movements. Whale activity is often tracked through on-chain data.