When the crypto market is crashing stable coins are still predictable with almost 0% change. Meanwhile, a big whale has sent $60 million of USDT to Kraken Exchange, one of the most popular global crypto exchanges.
Ordinary traders may assume the whale is planning to buy some established coins and earn by staking within the Kraken. Most people say the market is bearish because of inflation but stocks are still bullish. Maybe the crypto trend is over. Masses need something new now.
USDT is the third-largest crypto in the world, due to its stable price most businesses prefer to use it for routine transactions. Even during the dark days, USDT will still rise further in volume.