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Crypto Whales’ Stablecoin Movements Raise Traders’ Curiosity

Published 03/08/2023, 13:12
Updated 03/08/2023, 13:15
Crypto Whales’ Stablecoin Movements Raise Traders’ Curiosity
USDT/USD
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  • Whale Alert observed transactions involving significant stablecoin volumes.

  • The observed $140M worth of USDT and USDC transactions involved deposits and withdrawals from centralized exchanges.

  • Crypto community puzzled over whales’ intentions – bullish trend or market exit?

Significant whale transactions involving stablecoin transfers were observed in the early hours of today, Wednesday, August 3, 2023. In multiple posts, Whale Alert, the blockchain tracker and analytics system, reported multiple stablecoin transfers in and out of centralized exchanges.

In the earliest report, Whale Alert tweeted that 70 million USDC, equivalent to $70.049 million, was transferred from an unknown wallet to the OKEx crypto exchange. Moments later, the same amount of USDC, worth $70.002589 million, was moved from the OKEx exchange to an unknown wallet.

In a separate report, Whale Alert tweeted that 70 million USDT, equivalent to $70.966175 million, was transferred from the Bitfinex crypto exchange to the Tether Treasury. After t…

The post Crypto Whales’ Stablecoin Movements Raise Traders’ Curiosity appeared first on Coin Edition.

The post Crypto Whales’ Stablecoin Movements Raise Traders’ Curiosity appeared first on Coin Edition.

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