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Institutional Funds Boost Crypto Market with Significant USDT Injections | Flash News Detail | Blockchain.News
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8/7/2024 6:25:15 AM

Institutional Funds Boost Crypto Market with Significant USDT Injections

Institutional Funds Boost Crypto Market with Significant USDT Injections

According to @lookonchain, institutional investors are actively injecting funds into the cryptocurrency market, taking advantage of the market dip. Notably, Cumberland received $95 million in USDT from Tether Treasury and subsequently deposited it into major exchanges including Coinbase, Kraken, OKX, and Forwarder today. Since October 20, 2023, Cumberland has injected a total of $6.28 billion in USDT into the crypto market.

Source

Lookonchain

@lookonchain

Looking for smartmoney onchain