Whale Withdraws Another 96M USDT From Treasury: On-Chain Analysis
Coin Edition
21 Nov 2023 7:31 AM
Lookonchain revealed in an X post today that a whale withdrew another 96 million USDT from the Tether Treasury. Read more on CE....
- A whale has withdrawn 96 million USDT from the Tether Treasury and deposited it into OKX, Kraken, and Coinbase.
- This whale has received a total of 992 million USDT from the Tether Treasury since October 20 and has deposited all of it onto exchanges.
- The latest withdrawal comes just 4 days after the whale's previous transaction.
- Similar transactions have occurred in the past, with the whale receiving 49 million USDT and 30 million USDT on separate occasions.
- Despite these withdrawals, USDT has maintained its peg to the Dollar, trading at $1.
- USDT has a larger market cap compared to its competitor USD Coin (USDC), with a total market cap above $88 billion.
- Traders and investors continue to trade with USDT, with a trading volume of $40.8 billion in the past 24 hours.
The article provides factual information about a whale's withdrawals from the Tether Treasury and the stability of USDT.
You May Ask
How much USDT did the whale withdraw from the Tether Treasury in the latest transaction?What exchanges did the whale deposit the USDT into?How much USDT has the whale received from the Tether Treasury since October 20?Has USDT maintained its peg to the Dollar despite the withdrawals?What is the trading volume of USDT in the past 24 hours?