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On-Chain Insights: Stablecoins, WBTC, and Arbitrum Liquidity Pools
Key Takeaways
3 min read
  • Stablecoin balances on exchanges continue to decline due to some investors exiting crypto while others allocate to altcoins, in addition to fear of keeping assets on centralized exchanges.
  • BUSD tops today’s Smart Money Token Holding charts as Jump Trading transfers BUSD out of Binance.
  • Smart Money continues to buy WBTC as BTC surges to multi-month highs from fear of a banking collapse.
  • Arbitrum ecosystem smart contracts dominate today’s on-chain activity following the announcement of the ARB token airdrop.


  • Stablecoins continue to flow out of exchanges due to fiat withdrawals and investors’ reluctance to keep assets on centralized exchanges.
  • Binance, Coinbase Custody, and Uniswap recorded the largest outflows of stablecoins in the past week, with $1.27b, $510m, and $208m of stablecoin holding reduction, respectively.
  • USDT continues to gain in market cap while all other major stablecoins decline, with USDC seeing $947m in net burns yesterday.


  • BUSD saw a $13.1m increase in Smart Money holdings over the past 24H.
  • All of the volumes are attributed to [Jump...