Whales Go Wild on Binance as Stablecoins Tighten Grip on Latin America’s Crypto Economy

Big money moves are shaking Binance—whale activity spikes as Latin America doubles down on dollar-pegged cryptos.

Stablecoins flex dominance

While traditional finance clings to paperwork and banking hours, USDT and USDC now command over 60% of LATAM's crypto transactions. No surprise—when inflation hits 3 digits, people ditch pesos faster than politicians ditch promises.

Whale watching season open

Binance's order books flash with seven-figure trades as institutional players position themselves. Some see accumulation; others smell derivatives hedging. Either way, the sharks are circling.

The cynical take

Meanwhile, legacy banks 'strategize' their blockchain adoption—right after they finish those 2022 metaverse PowerPoints.

• Binance whale ratio surged 800% in two years, signaling increased activity from large Bitcoin holders.
• Whales cautiously accumulate Bitcoin despite market volatility, hinting at potential bullish momentum.
• Latin America’s crypto trading volume jumped 42% in 2025, with Brazil contributing 77% of the activity.

The Binance whale ratio has climbed sharply over the past year, signaling significant shifts in crypto market behavior. This metric, closely watched by analysts, tracks the share of Bitcoin inflows from large holders commonly known as whales into Binance.

According to data from CryptoQuant, the ratio reached a low of just 0.08 during the summer of 2023. Since then, it has surged to 0.77 in 2024 and 0.76 in 2025. This represents an astonishing 800% increase over the past two years and a 400% rise since mid-2023 alone.

Escalating Whale Presence on Binance

“Data indicates that Bitcoin inflows to Binance from both whale and retail investors have dropped to cyclically low levels, signaling a reluctance to sell during volatile market conditions.” – By @oinonen_t

Link ⤵️https://t.co/4peZOuM1zd pic.twitter.com/5QbyASIGUM

A high whale ratio suggests that large investors are becoming more active on the platform. However, whether this signals upcoming selling pressure or strategic accumulation depends on the broader market context.

Currently, both whale and retail bitcoin inflows into Binance remain at cyclically low levels. Despite rising market volatility, whales appear reluctant to offload their holdings. Instead, many seem to be accumulating or maintaining their positions. This cautious accumulation hints at growing confidence in near-term price stability or even potential bullish momentum.

Whales often act as market movers, and their current behavior is setting a tone of cautious optimism. Retail investors are watching closely, with many following the whales’ lead.

Beyond whale activity, stablecoin trading on Binance has also surged, particularly in Latin America. The region has become a critical growth area for Binance, where it now commands over 50% of the market share. It represents a major recovery from previous lows seen in 2022.

Binance Dominates LATAM Crypto Market With 42% Surge

From January to May 2025, Latin America recorded $16.2 billion in crypto trading volume, according to data from Kaiko. It marks a 42% increase compared to the same period in 2024. Brazil alone has accounted for a remarkable 77% of all crypto trading activity in the region.

Latin America is emerging as one of the world’s fastest-growing crypto markets in 2025.

🚨LATAM Jan-May trade volumes hit a multi-year high of $16.2B, with Brazil driving 77% of all activity.

👉Stablecoins dominated volumes, driven by inflation & currency swings.

📊Binance is… pic.twitter.com/3NXGzq7rDC

Much of this trading is happening in stablecoins, with USDT leading the way. Stablecoins now make up nearly half of all LATAM crypto volume on Binance, reflecting local demand for dollar-pegged assets as a hedge against inflation and currency instability.

Binance’s DEEP liquidity, fast execution, and advanced trading infrastructure continue to attract new users. Local exchanges such as Bitso and Mercado Bitcoin are losing ground as Binance solidifies its dominance in the region.

The surge in whale activity, combined with the rise in stablecoin trading, paints a complex picture. While global regulatory uncertainty and macroeconomic challenges persist, Binance remains a key player driving crypto adoption and market sentiment.

The reluctance of whales to sell during periods of heightened volatility may indicate growing expectations for future price appreciation. If this accumulation trend continues, the broader crypto market could be poised for a significant breakout phase.

As Latin America’s role in global crypto trade expands, and as stablecoins continue to anchor trading activity, Binance stands firmly positioned to lead the next phase of growth in the cryptocurrency space.

Related | Binance Leads Crypto Market with 59K Altcoin and 384K USDT Transactions: Report