Unknown wallet transferred 113,200,000 USDT to Bitfinex, flagged by @whale_alert.
The transfer involved approximately $113.2 million in Tether-issued stablecoin USDT.
USDT is a dollar-pegged stablecoin widely used for trading across cryptocurrency exchanges.

An unknown wallet transferred 113,200,000 USDT, valued at approximately $113.2 million, to cryptocurrency exchange Bitfinex. The transaction was flagged by crypto monitoring account @whale_alert on Twitter. USDT, issued by Tether, is a widely used stablecoin that facilitates trading across various exchanges and holds substantial market capitalization within the cryptocurrency ecosystem.

Unknown Wallet Transfers 113.2 Million USDT to Bitfinex

The transfer involved 113,200,000 USDT moving from an unidentified wallet address to Bitfinex. @whale_alert, a Twitter account that tracks large cryptocurrency transactions, publicly reported the movement. USDT serves as a stablecoin pegged to the US dollar and is issued by Tether. The token is commonly used on platforms including Bitfinex for trading purposes. According to the source, USDT showed no active trading volume reported in the past 24 hours.

FAQ

How much USDT was transferred to Bitfinex?
113,200,000 USDT, worth approximately $113.2 million, was transferred from an unknown wallet to Bitfinex.

Who reported the USDT transfer?
The transfer was highlighted by @whale_alert, a crypto monitoring account on Twitter that tracks large cryptocurrency transactions.

What is USDT?
USDT is a stablecoin issued by Tether that is pegged to the US dollar. It is widely used across cryptocurrency exchanges for trading and holds substantial market capitalization within the crypto ecosystem.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.