Stablecoin

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<ul class="news-points"> 
 <li><strong>Whale Alert observed transactions involving significant stablecoin volumes.</strong></li> 
 <li><strong>The observed $140M worth of USDT and USDC transactions involved deposits and withdrawals from centralized exchanges.</strong></li> 
 <li><strong>Crypto community puzzled over whales’ intentions – bullish trend or market exit?</strong></li> 
</ul> 
<p>Significant whale transactions involving <a href="https://coinedition.com/what-is-a-stablecoin/" rel="noopener noreferrer nofollow">stablecoin</a> transfers were observed in the early hours of today, Wednesday, August 3, 2023. In multiple posts, Whale Alert, the blockchain tracker and analytics system, reported multiple stablecoin transfers in and out of centralized exchanges.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 70,000,000 <a href="https://twitter.com/hashtag/USDC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#USDC</a> (70,049,000 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/OKEx?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#OKEx</a><a href="https://t.co/95xraefNGH" target="_blank" rel="noopener noreferrer nofollow">https://t.co/95xraefNGH</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1686999470691454976?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 3, 2023</a> 
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<p>In the earliest report, Whale Alert tweeted that 70 million USDC, equivalent to $70.049 million, was transferred from an unknown wallet to the OKEx crypto exchange. Moments later, the same amount of USDC, worth $70.002589 million, was moved from the OKEx exchange to an unknown wallet.</p> 
<p>In a separate report, Whale Alert tweeted that 70 million USDT, equivalent to $70.966175 million, was transferred from the Bitfinex crypto exchange to the Tether Treasury. After t…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/crypto-whales-stablecoin-movements-raise-traders-curiosity/">Crypto Whales’ Stablecoin Movements Raise Traders’ Curiosity</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Whales’ Stablecoin Movements Raise Traders’ Curiosity

Coin Edition

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