According to data from the on-chain analytics firm Santiment, whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks.

The “major” stablecoins here include Tether (USDT), USD Coin (USDC), BUSD (BUSD), Dai (DAI), TrueUSD (TUSD), and Pax Dollar (USDP).