85,887 Ether Transfer Leads $815.9 Million in Crypto Moves

Eight large crypto transfers totaling $815.9 million took place during the three-hour period ending at 2:04 p.m. ET Oct. 26, led by 85,887 Ether (ETH) worth $200.6 million moving between two unknown wallets.

Two Bitcoin (BTC) transfers from unknown wallets to Coinbase Institutional occurred at 12:15 p.m. ET. One involved 1,584 BTC valued at $127.4 million; the other involved 986 BTC valued at $79.3 million.

Coinbase Institutional sent 645 BTC worth $51.6 million to an unknown wallet at 12:46 p.m. ET. At 1:01 p.m. ET, 112,393,771 USD Coin (USDC), valued at $112.4 million, moved from USDC Treasury to an unknown wallet.

Bitfinex sent 109,600,000 Tether USDt (USDT), worth $109.5 million, to Tether Treasury at 11:13 a.m. ET. A separate transfer of 115,005,015 USDT, valued at $114.9 million, followed at 11:14 a.m. ET.

At 11:57 a.m. ET, 4,649,999,000,000 PEPE worth $20.3 million moved from Poloniex to an unknown wallet.

The eight transfers involved Ether, Bitcoin, USDT, USDC and PEPE. Their directions and destinations alone do not establish what any wallet owner intended to do.