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MainNewsWhale Alert:...

Whale Alert: Crypto Giants Shuffle Millions in USDT and USDC


Jun, 12, 2024
< 1 min read
by CoinEdition
Whale Alert: Crypto Giants Shuffle Millions in USDT and USDC
  • Tether Treasury shifts $100 million USDT to Bitfinex, while Kraken follows suit with a $65 million USDT transfer.
  • USDC Treasury’s $50 million USDC transfer to an unknown wallet sparks speculation on motives and impact.
  • Whale Alert disclosures highlight the fluidity and scale of cryptocurrency transactions, underscoring market dynamics.

In a flurry of activity, Whale Alert has flagged significant transactions, shedding light on the movement of hundreds of millions of dollars in digital assets across major platforms. Tether Treasury spearheads the action, initiating a staggering $100 million USDT transfer to Bitfinex.

Closely trailing Tether’s massive transfer, Kraken swiftly follows suit with its substantial movement, transferring a significant $65 million USDT to the same exchange. This action adds a layer of intrigue to the unfolding scenario. Furthermore, adding complexity to the situation, the USDC Treasury stepped up and orchestrated a transfer of nearly $50 million USDC to an undisclosed destination.

The post Whale Alert: Crypto Giants Shuffle Millions in USDT and USDC appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsWhale Alert:...

Whale Alert: Crypto Giants Shuffle Millions in USDT and USDC


Jun, 12, 2024
< 1 min read
by CoinEdition
Whale Alert: Crypto Giants Shuffle Millions in USDT and USDC
  • Tether Treasury shifts $100 million USDT to Bitfinex, while Kraken follows suit with a $65 million USDT transfer.
  • USDC Treasury’s $50 million USDC transfer to an unknown wallet sparks speculation on motives and impact.
  • Whale Alert disclosures highlight the fluidity and scale of cryptocurrency transactions, underscoring market dynamics.

In a flurry of activity, Whale Alert has flagged significant transactions, shedding light on the movement of hundreds of millions of dollars in digital assets across major platforms. Tether Treasury spearheads the action, initiating a staggering $100 million USDT transfer to Bitfinex.

Closely trailing Tether’s massive transfer, Kraken swiftly follows suit with its substantial movement, transferring a significant $65 million USDT to the same exchange. This action adds a layer of intrigue to the unfolding scenario. Furthermore, adding complexity to the situation, the USDC Treasury stepped up and orchestrated a transfer of nearly $50 million USDC to an undisclosed destination.

The post Whale Alert: Crypto Giants Shuffle Millions in USDT and USDC appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Can USDC Catch Up? Stablecoin Market Heats Up as Tether Holds the Top Spot

Can USDC Catch Up? Stablecoin Market Heats Up as Tether Holds the Top Spot

Stablecoins have experienced an exponential rise over the past few months, with Tethe...
Apr, 15, 2025
< 1 min read
by CoinEdition
Tether’s Pitch To DC: We Help Keep US Dollar Strong Globally

Tether’s Pitch To DC: We Help Keep US Dollar Strong Globally

Tether CEO Paolo Ardoino ended his first visit to the United States, where he met wit...
Apr, 14, 2025
< 1 min read
by CoinEdition