121,167,148 USDC Moved by Anonymous Wallet to Coinbase Prime
CryptoNewsTerminal Staff04 Sep, 2024
121,167,148 USDC Moved by Anonymous Wallet to Coinbase Prime
Whale Alert, a popular blockchain transaction tracker, reported the movement of a massive sum of 121,167,148 USDC, with an estimated value of $120 million. The transaction involved an anonymous wallet sending the USDC to an address associated with Coinbase Prime. The transfer, initiated on January 18, 2023, raised eyebrows within the cryptocurrency community, given the substantial amount of funds involved. However, no official statement has been released by either party involved in the transaction. Coinbase Prime, a custodial service offered by Coinbase, provides institutional investors with secure storage and trading services for digital assets. The influx of USDC into Coinbase Prime suggests institutional interest in the stablecoin, which has gained popularity as a safe haven during market volatility. The movement of large sums of cryptocurrency by anonymous wallets is not uncommon, but it often sparks speculation and curiosity within the crypto community. The transfer of USDC to Coinbase Prime could indicate a shift in institutional sentiment towards stablecoins and the growing adoption of digital assets by mainstream financial institutions.
