Whale sends $290 million USDT from Binance to unknown wallet

IconCryptoNewsTerminal Staff28 May, 2024

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Whale sends $290 million USDT from Binance to unknown wallet

Whale Alert just reported a large movement of Tether (USDT). A whale moved 289,087,080 USDT, worth approximately $290 million, from a Binance address to an anonymous address. The movement of such a large amount of USDT has raised eyebrows within the crypto community. This transfer is one of the largest USDT transactions ever recorded. It is unclear why the whale moved such a large amount of USDT, but it could be a sign that they are expecting a major price movement in the near future.