Whale Activity on Nobitex: Crypto Activity Continues in Iran
— CryptoPolitan
Whales are still moving funds through Nobitex.
Nobitex, one of Iran's leading exchanges, continues to host significant transaction activity driven by whales.
- Nobitex remains a crucial hub despite a drop to $46.97 million in 2026; whale activity keeps monthly volumes at $9.4 million, far below the 2024 peak of $207 million.
- The rise in stablecoin usage, particularly USDT, which constitutes 84.4% of Nobitex's volume, indicates adaptation among Iranian crypto users to sanctions.
- A recent large withdrawal of $18.85 million highlights Nobitex's ongoing role in fund laundering and sanction evasion.
Whale movements and stablecoin traffic on Nobitex indicate that the crypto ecosystem in Iran remains resilient despite sanctions, with significant influence from large players.