Tether Treasury Moves $100 Million to Bitfinex
Main Idea
Tether Treasury transferred 100 million USDT tokens to Bitfinex, likely as part of a chain swap, following similar large transactions in recent weeks.
Key Points
1. 100 million USDT tokens were moved from Tether Treasury to Bitfinex, as tracked by Whale Alert.
2. A similar transfer of 127 million USDT occurred on June 27, and 148 million USDT was sent to an unknown wallet on June 25.
3. The transaction may be a chain swap, with Bitfinex acting as an intermediary.
4. Tether minted 2 billion tokens on June 22, following other major minting events on June 18.
5. USDT's total market cap is currently $157 billion, according to CoinGecko.
Description
The stablecoin issuer moved 100 million tokens from Tether Treasury to Bitfinex earlier today
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