USDT Holders De-Risk as Ethereum Fees Hit Lows

Per Santiment data, USDT on Ethereum lost 251,350 non-empty wallets over 11 days, the steepest decline since post-FTX upheaval in December 2022. Meanwhile, Ethereum fees fell to $0.095 per transfer, marking a bizarre divergence as holders de-risk while network costs hit lows.