Significant Transfer of 120 Million USDC from Coinbase Prime to Anonymous Wallet

IconCryptoNewsTerminal Staff11 Jul, 2024

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Significant Transfer of 120 Million USDC from Coinbase Prime to Anonymous Wallet

According to blockchain analytics platform Whale Alert, a significant movement of funds occurred within the digital asset market when a massive transfer of 120,000,000 USDC (equivalent to $120 million) was executed on March 8, 2023. The transaction saw the departure of USDC from a Coinbase Prime address and its arrival at an anonymous recipient's address. This notable movement of funds demonstrates the liquidity and activity within the cryptocurrency ecosystem, potentially impacting market dynamics and attracting the attention of traders and investors monitoring large-scale transactions.