Tether's on-chain activity has surged, potentially indicating positive trends in the crypto market.
Tether On-Chain Activity Rises
Santiment data reveals that as of March 11, 2025, over 143,480 wallets executed USDT transfers, marking the highest level since September 2024. This increase signifies growing interest in stablecoin movement, often preceding bullish trends in the crypto market.
Tether Activity and Market Momentum
The Santiment platform shows a strong relationship between USDT movement and Bitcoin's price trends. In mid-September 2024, 53,767 new USDT wallets were created in a single day. This surge preceded a notable bull run, indicating that heightened Tether activity often signals capital influx into crypto assets.
USDT Dominance and Altcoin Metrics
USDT dominance trends provide insight into altcoin movement. According to RationalGaze, a decline in USDT dominance below the 4.50% zone could create a relief bounce for altcoins, as most alternative cryptocurrencies sit on historical high-timeframe support.
The surge in Tether activity may point to a potential recovery in the crypto market, sparking investor interest amid changing USDT dominance and altcoin metrics.
