Blockchain analytics firm Santiment says crypto exchanges saw their largest hour-long inflow of stablecoins this year amid a correction and consolidation.

Santiment told its 110,000 Twitter followers that the exchanges had seen record inflows of stablecoins, including Circle’s Tether (USDT) and USD Coin (USDC).

???? The largest 1 hour #Tether The inflow to the stock exchanges for the entire year took place on Thursday. At 8 a.m. UTC, over 771.6 m $ USDT was transferred to exchanges. Then, just 6 hours later, 454 m $ USDC was then transferred to the stock exchanges, its own 4-month high. ???? https://t.co/WJ0qkPRc7R pic.twitter.com/xhMIG6qCS5

– Santiment (@santimentfeed) November 20, 2021

“The largest 1-hour inflow from Tether to the exchanges for the whole year took place on Thursday (November 18). Over USDT 771.6 million has been transferred to exchanges. Then, just 6 hours later, USDC 454 million was sent to the exchanges, their own 4-month high. “

After correcting Bitcoin from $ 69,000 to below $ 56,000, Santiment says the discussion rate about Bitcoin is significantly lower than it was in June.

With #altcoins Boom for most of 2021, also over large volatility stretches, #Bitcoin is now being discussed about half as fast as it was 5 months ago. 15% of the discussions about #Crypto Platforms refer to $ BTC now vs. 30% in mid-June. https://t.co/qaVU2KC0c4 pic.twitter.com/uT599J2uTn

– Santiment (@santimentfeed) November 19, 2021

“With altcoins exploding for most of 2021, bitcoin-related discussions are now half what it was five months ago. 15% of the discussions about crypto platforms today refer to Bitcoin, in mid-June it was 30%. “

With altcoins in mind, a cryptocurrency has gone against the broader market-wide correction trend. According to Santiment, the Metaverse-focused sandbox (SAND), which is up nearly 50% in the past week, is challenging the market while sending a promising on-chain signal.

???? #The sandbox is currently at $ 4.32, defying the rest of the market-wide correction this week. $ SANDThe realized gains / losses are beginning to neutralize again and were an extremely accurate leading indicator. https://t.co/OWRbOAJUcd pic.twitter.com/zrNFm9NSFe

– Santiment (@santimentfeed) November 19, 2021

Sandbox is currently at $ 4.32 despite much of the rest of the market-wide correction that happened this week. The actual profit / loss of SAND is starting to neutralize again and was once a very accurate leading indicator. “

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