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Tether Whales Are Over 300 and They CAN Influence Bitcoin’s Price

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Earlier this week, Coin Metrics released data showing that exactly 318 addresses hold at least $1 million in Tether.

This means that those 318 Tether whales hold roughly 80% of the entire global Tether supply. Nic Carter, co-founder of Coin Metrics also mentioned that much like other crypto whales, a great deal of the Tether whale accounts, belong to major crypto exchanges like Bitfinex and Binance.

The report further dives in the difference between traditional crypto whales and Tether whales. Bitcoin whales for instance, hold roughly 20% of the entire token supply. Additionally, many accounts may not have above 1000 ...

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