# 270 Million Tether Transfer Leads $998.3 Million in Crypto Moves

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/47975
Published: 2026-11-03T20:04:40.000Z
Updated: 2026-11-03T20:04:40.000Z
Section: Investing

> Unknown wallets sent $274.2 million to exchanges, outpacing $229.7 million in transfers from exchanges to unknown wallets during the three-hour period.

A 270 million Tether (USDT) transfer from Bitfinex to Tether Treasury led eight large crypto transfers totaling $998.3 million in the three hours ending at 10:01 a.m. ET Nov. 3.

Unknown wallets sent $274.2 million to exchanges during the window, while exchanges sent $229.7 million to unknown wallets. Those totals cover only transfers between unknown wallets and exchanges.

The largest transfer was 270 million USDT, valued at $269.6 million, from Bitfinex to Tether Treasury at 8:18 a.m. ET. At 7:15 a.m. ET, an unknown wallet sent 161.5 million USDT worth $161.4 million to Bitfinex. OKX sent 1,602 Bitcoin (BTC) valued at $123.8 million to an unknown wallet at 9:35 a.m. ET, and 1,369,085 HYPE worth $118.8 million moved between unknown wallets at 9:19 a.m. ET.

At 8 a.m. ET, an unknown wallet sent 113 million USDT worth $112.9 million to Bitfinex. Aave sent 106.1 million USDT valued at $106 million to Bitfinex at 7:45 a.m. ET. Coinbase Institutional sent 698 BTC worth $53.9 million to an unknown wallet at 9:49 a.m. ET and 672 BTC valued at $52 million to an unknown wallet at 8:18 a.m. ET.

A separate 270 million USDT transfer from an unknown wallet to Bitfinex appeared in an earlier roundup. Transfers into exchanges are sometimes watched as potential selling activity, while transfers out to unknown wallets may be viewed as potential holding. The direction of a transfer alone does not establish what holders intend to do.