- 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.
100,000,000 #USDT (99,985,000 USD) transferred from Tether Treasury to #Bitfinexhttps://t.co/EjFrXufubQ— Whale Alert (@whale_alert) June 12, 2024
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.
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