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172.7 Million Tether USDt (USDT) Moves From an Unidentified Wallet to Bitfinex

USDT is widely used for crypto trading and liquidity, but the transfer does not establish whether the tokens were sold.

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A green-edged metal token slides into a brushed-steel exchange slot / TokenPost.ai
A green-edged metal token slides into a brushed-steel exchange slot / TokenPost.ai

A transfer of 172.7 million Tether USDt (USDT), valued at about $172.6 million, moved from an unidentified wallet to Bitfinex on Nov. 2.

USDT is a stablecoin widely used for crypto trading and liquidity. The movement shows the tokens going to Bitfinex, but does not establish whether they were sold.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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