Multichain

Million

Coin

<ul class="news-points"> 
 <li>Fund with 0x74c address deposits 12.1M USDC to Circle, sends 72.1M USDC in a week.</li> 
 <li>A day earlier, it sent 60M USDC to Circle, and withdrew 47.4M USDC from Binance, raising eyebrows.</li> 
 <li>Tether, Circle froze $67.5M USDC/USDT, 50% of stolen funds; Circle blocked $65M USDC from Multichain outflows in July.</li> 
</ul> 
A fund with a wallet address beginning 0x74c has been making some significant financial moves. Recently, it deposited a whopping 12.1 million USDC to Circle. This isn’t a one-off, according to data shared by on-chain analytics firm Lookonchain. 
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 The fund wallet starting with 0x74c deposited 12.1M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> to <a href="https://twitter.com/hashtag/Circle?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Circle</a> again. And has deposited a total of 72.1M <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> to <a href="https://twitter.com/hashtag/Circle?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Circle</a> in the past 7 days. Dump and cash out?<a href="https://t.co/XKrBHrP6cB" target="_blank" rel="noopener noreferrer nofollow">https://t.co/XKrBHrP6cB</a> <a href="https://t.co/pDwI7ORWVS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pDwI7ORWVS</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1692008421485351396?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 17, 2023</a> 
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Over the past week, the wallet has transferred a total of 72.1 million USDC to Circle. Such a substantial amount prompts the question of whether the whale is looking to cash out. 
Upon further inspection, it’s evident that this fund has been quite active. Just a day before, the fund deposited a total of 60 million USDC into Circle. Out of this amount, 47.4 millio… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/whale-moves-over-72-million-usdc-to-circle-massive-cash-out/">Whale Moves Over $72 Million USDC to Circle – Massive Cash Out?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Whale Moves Over $72 Million USDC to Circle – Massive Cash Out?

Coin Edition

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