Tether whales are hovering over $ 533,000,000 in USDT amid a major digital asset market correction – this is where the cryptocurrency is concerned
A severe market correction coincided with an increase in activity from crypto whales, which, according to a whale-watching bot, moved stablecoins valued at over half a billion dollars in a matter of hours.
When Bitcoin began to break the $ 50,000 mark at around 1:30 a.m. UTC on Saturday, hundreds of millions of dollars in crypto began flowing between exchanges and wallets.
Whale Alert marked one of the biggest stablecoin transfers last day when a deep-pocketed crypto investor transferred $ 116.68 million worth of Tether (USDT) from the global crypto exchange Binance to a wallet of unknown origin.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 116,685,032 #USDT (116,685,032 USD) transferred from #Binance to unknown wallet https://t.co/yb9chn715r
– Whale alert (@whale_alert) December 4, 2021
Another transfer from another whale to Binance caused a sensation, transferring USDT worth 118.87 million US dollars to an unknown wallet.
Other large transfers discovered during the crypto market crash were:
- $ 117,317,418 USDT worth $ 117.31 million transferred from Binance to an unknown wallet
- $ 35,999,976 worth $ 35.99 million transferred from Binance to an unknown wallet
- $ 31,841,112 USDT worth $ 31.84 million transferred from Kucoin to an unknown wallet
- Transferred $ 30,737,954 worth $ 30.73 million from an unknown wallet to CryptoCom
- $ 29,889,390 worth of $ 29.88 million transferred by Curve Finance to an unknown wallet
- $ 28,600,257 worth $ 28.60 million transferred to Binance from an unknown wallet
- $ 23,344,312 worth $ 23.34 million from unknown wallet to Huobi. transferred
Whale Alert has also discovered a massive bitcoin transfer. The company has moved 15,074 BTC worth $ 720.62 billion between wallets of unknown origin.
The whale transfers occurred during one of the largest meltdowns in the crypto market in recent years. Approximately $ 2.5 billion worth of deals have been liquidated in the past 24 hours, according to Coinglass.
Check price promotion
Don’t Miss A Beat – Subscribe to crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the daily Hodl mix
 
Check out the latest headlines
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are made at your own risk and that any losses you incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Selected image: Shutterstock / spainter_vfx / Elzza
Comments are closed.