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Mar 12, 2022
by Jafrin Ahmed
$167M USDT Shifted from Binance to Unknown Wallet
Following a continued sign of bearish activity on the cryptocurrency market, almost 167 million worth of USDT was recently transferred by an anonymous whale and Binance exchange.
$167M USDT Moved by Anonymous Whale to Private Wallet
According to data provided by major crypto tracker Whale Alert, over the past five hours, 167,440,939 USDT worth $167,440,939 million have been shifted by an anonymous whale from Binance crypto exchange to a private wallet. The reason behind those transactions remains undisclosed.
Over the past months, global asset markets remained highly impacted by Russia’s invasion of Ukraine, with Bitcoin's price showing continued displaying bearish structure on the daily chart.
While Bitcoin (BTC) has remained volatile in the past few days, long-term investors seem to be using the current weakness to buy. According to data from Whale Alert, about 30,000 BTC left Coinbase and was deposited in an unknown wallet.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.