Whale receives whooping 261 million USDT from Tether Treasury
CryptoNewsTerminal Staff13 Aug, 2024
Whale receives whooping 261 million USDT from Tether Treasury
Whale Alert! A recent report from blockchain analytics firm Lookonchain reveals that a significant whale or institutional address has received a massive sum of 261.6 million USDT from the Tether Treasury. This substantial transfer occurred shortly after Tether issued a significant amount of 2 billion USDT. Post-transfer, the whale then moved the acquired USDT to Binance, indicating potential market maneuvers or asset management. This noteworthy transaction highlights the continued involvement of whales and large institutional players in the cryptocurrency ecosystem.
