Извршни директор Трон депонује 100 милиона Тетхер-а (УСДТ) у Бинанце-у док депозити стабилних кованица на берзи расту усред пада цена 

Many traders are taking advantage of the price dip to increase their cryptocurrency holdings. 

Тржиште криптовалута има suffered tremendous losses since last week after the Federal Reserve announced it would be raising interest rates to curtail rising inflation.

Many traders are converting their cryptocurrency holdings to stablecoins in order to avoid incurring more losses. However, other traders see the recent price dip as an opportunity to get digital currencies for a huge discount.

Based on this, stablecoin deposits across cryptocurrency exchanges globally have continued to skyrocket recently. Several investors, including Justin Sun, the founder and CEO of popular blockchain project Tron, have made significant amounts of stablecoin deposits to cryptocurrency exchanges.

According to crypto media outlet Wu Blockchain, the Tron CEO made a whopping $100 million Tether (USDT) deposit from Aave protocol to world’s largest cryptocurrency exchange by trade volume Binance.

“Just In: The address marked Justin Sun (0x3ddfa8ec3052539b6c9549f12cea2c295cff5296) transferred $100 million USDT from Aave to Binance. @PeckShieldAlert reported it first,” Wu Blockchain reports.

Just In: The address marked Justin Sun (0x3ddfa8ec3052539b6c9549f12cea2c295cff5296) transferred $100 million USDT from Aave to Binance. @ПецкСхиелдАлерт reported it first. https://t.co/7w0QxWcwKT

- Ву Блоцкцхаин (@ВуБлоцкцхаин) Може 11, 2022

While it is not clear what cryptocurrency Sun will be investing in this time, it is worth noting that the Tron Decentralized Autonomous Organization (DAO) recently followed the steps of El Salvador president Nayib Bukele to buy 500 units of BTC.

With the recently transferred $100 million USDT by the Tron founder, it will not be surprising if Sun decides to bolster the Tron DAO Bitcoin holdings.

Surging Stablecoin Deposits

Aside from Sun’s USDT deposit, the number of stablecoin deposits to cryptocurrency exchanges has also surged tremendously.

Glassnode, a cryptocurrency data tracking service, announced yesterday that USDT deposits from external wallets to exchanges reached a one-month high of 416.719.

? $ УСДТ Број девизних депозита (7д МА) управо је достигао 1-месечни максимум од 416.179

Прикажи метрику:https://t.co/2H0KYUIFNb pic.twitter.com/DWRqge1PmM

- упозорења о Глассноде (@гласснодеалертс) Може 10, 2022

Similarly, transaction volume for USD Coin (USDC) also reached an 11-month high of $539.7 million. Glassnode noted that the last time the USDC transaction volume recorded an 11-month high was on January 28, 2022 when $538.49 million worth of USDC was transacted.

? $ УСДЦ Transaction Volume (7d MA) just reached a 11-month high of 539,710,684.109 USDC

Previous 11-month high of 538,492,962.129 USDC was observed on 28 January 2022

Прикажи метрику:https://t.co/m4o45NujLu pic.twitter.com/L3spPnUjqg

- упозорења о Глассноде (@гласснодеалертс) Може 10, 2022

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