I noticed an interesting move in the blockchain — it seems that a major player is actively transferring assets between platforms. According to on-chain data, there was a movement of $910 million in stablecoins to the Sky platform and its DAO Spark. That's a quite significant volume.



Context: In early December, the TVL of one of the major platforms was $3.6 billion, but it dropped to $2.65 billion due to falling prices and internal disputes. Meanwhile, deposits on Sky and Spark increased from $570 million to $1.48 billion. Justin Sun apparently transferred his funds there and made Sky the main platform for storage.

It's interesting that such a major move by Justin Sun could indicate a shift in preferences among large holders. Sky is clearly becoming a more attractive platform for them. It’s worth watching for further capital movements.
SKY0.12%
SPK-0.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin