Tether prints $ 120 million in two days, is there a pump?
The well-known Twitter bot Whale Alert reports a new $ 60 million impression. It would be the second in two days. Is there another pump?
Tether prints $ 120 million in two days
The Whale Alert Bot on Twitter (@whale_alert) is constantly watched by many people in the crypto world, especially at times like these. The reason is that this bot shows larger coin and token movements, as well as Tether pressure and much more. It has been exciting to see over the past few days that Tether Treasury has printed $ 60,000,000 again. This is the second major draw in two days. Just yesterday, 60 million USDT were printed.
Interestingly, again, it has barely been shown that fixing this bitcoin exceeds $ 6,000, which is why many view bond impressions as the primary catalyst. If Bitcoin can stay at this level, the next few days will certainly be exciting for the rest of the course.
Tether is probably one of the most controversial stablecoins in the world of cryptography, because to date no suitable audit has been carried out. Last year, it became known that one of the co-founders of Tether said it didn’t matter if the USDT was actually supported by real dollars. The close relationship between Bitfinex and Tether has also been criticized on several occasions, particularly after being properly revealed last year.
The last two prints are intended to be used to replenish stocks, as announced by CTO Bitfinex, Paolo Ardoino on Twitter. The transaction has not been launched. It would be the third time that this amount of loin was simply printed for replenishment. It is also striking to note that Tether is rarely burned, why is this reconstitution carried out?
Inventory which is never burned but which always needs to regenerate.
– Z🖖 (@zduuubz) March 19, 2020
The current price of Bitcoin currently exceeds $ 6,000, while global markets are still very fragile. It will now be possible to control whether the price can continue to go up from the USD prints, or if they were really only made to replenish the inventory.