The cryptocurrency market experienced a downturn from May 25 to May 31, 2026, as the stablecoin market cap decreased by $2.67 billion. Decentralized exchange (DEX) perpetual trading volumes also fell by 13.55% week-over-week, reflecting a cautious market sentiment.
During this period, three public companies sold a total of 540 Bitcoin, valued at approximately $38.61 million. Notably, Michael Saylor's Strategy sold 32 BTC for $2.47 million at a price of $77,135 per Bitcoin. In contrast, Tom Lee's Bitmine continued to accumulate Ethereum, purchasing 26,497 ETH for $52.6 million, despite the broader market slowdown.
Stablecoin Market Cap Drops $2.67B as Companies Sell 540 BTC
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
