Stablecoin reserves on exchanges have risen substantially since the start of the year., whale wallets with more than $5 million in holdings have been on an stablecoin accumulation spree over the past three weeks.
Interestingly, the market did retrace on the 1st of April. AMBCrypto investigated CryptoQuant data and spotted net stablecoin inflows to cryptocurrency exchanges, lending credence to the aforementioned narrative.Stablecoin reserves on exchanges have risen substantially since the start of the year. As of this writing, nearly 20.36 billion coins were held in exchange wallets, highest in more than a year.
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