255 Million USDT Transfer to Tether Treasury Led $943.8 Million in Whale Moves

Nine large cryptocurrency transfers worth a combined $943.8 million were recorded in the three hours ending at 2 p.m. ET Friday, Oct. 30, with more value moving from unidentified wallets to exchanges than in the opposite direction. The largest transfer was 255 million Tether (USDT), valued at $254.8 million, from Bitfinex to Tether Treasury at 11:12 a.m. ET. Transfers from unidentified wallets to exchanges totaled $354.5 million, compared with $226.4 million sent from exchanges to unidentified wallets. At 11:12 a.m. ET, another 108.2 million USDT ($108.1 million) moved from Bitfinex to Tether Treasury. Other stablecoin transfers included 114.4 million USDT ($114.3 million) from an unidentified wallet to Bitfinex at 11:58 a.m.; 112,516,147 USD Coin (USDC) ($112.6 million) from an unidentified wallet to USDC Treasury at 12:43 p.m.; and 100 million…

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