Whale Alert
205M $USDC (≈205M) moved from #Ethena to #Paxos.
205M $USDC (≈205M) moved from #Ethena to #Paxos.
The body does not provide specific details regarding the purpose of the transfer.
The body does not discuss the potential impact of the transfer on $USDC liquidity.
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4K $BTC (≈239.3M) moved from Coinbase Institutional to unknown new wallet.
986 $BTC (≈59.2M) moved from unknown wallet to Coinbase Institutional.
1.3K $BTC (≈79.6M) moved from unknown wallet to #Coinbase.
2.6K $BTC (≈157.3M) moved from unknown wallet to Coinbase Institutional.
Catch up on earlier coverage from this beat.
111.8M $USDC (≈111.8M) moved from Coinbase Institutional to #Coinbase.
The line itself is just an average; the real story is that two weeks of $1B+ institutional outflows hit exactly as price tested the ceiling US buyers never reclaimed.
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