The stablecoin market cap increased by $2.08 billion from February 2 to February 8, 2026, driven by significant inflows into Tron and Solana. This period saw heightened market volatility, leading to a sharp rise in spot and perpetual trading volumes on decentralized exchanges (DEXs).
Institutional and whale activity was notable, with Tom Lee's Bitmine acquiring 40,613 ETH valued at $82.85 million, and Michael Saylor's Strategy purchasing 1,142 BTC for $90 million at a price of $78,815 per Bitcoin. Meanwhile, TrendResearch liquidated its entire holding of 651,757 ETH for $1.34 billion at an average price of $2,055. Additionally, Binance's SAFU Fund acquired 10,455 BTC worth $734 million.
Public companies collectively reduced their Bitcoin holdings by 2,713.5 BTC, equating to a decrease of $188.25 million. This activity reflects a mixed sentiment in the market as companies adjust their crypto asset strategies.
Stablecoin Market Cap Rises $2.08B Amid Increased DEX Trading Volumes
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.
