Add as a preferred source on GoogleCoinbase USDC Transfer Leads $195.6 Million in Exchange Outflows
Two transfers from Galaxy Digital brought the total to three, all to unknown wallets. The window recorded no exchange inflows.
A $100 million USD Coin (USDC) transfer from Coinbase Institutional led $195.6 million in exchange outflows over a three-hour period ending at 7:05 p.m. ET Nov. 12, with no inflows recorded.
At 5:12 p.m. ET, Coinbase Institutional transferred 100 million USDC, valued at $100 million, to Unknown Whale 1. It was the largest of the three transfers.
Galaxy Digital sent 966 Bitcoin (BTC), worth $69.2 million, to an unknown new wallet at 4:27 p.m. ET. One minute later, it transferred 367,291 HYPE, valued at $26.4 million, to an unknown new wallet.
Together, the three transfers totaled $195.6 million. The destinations were unknown wallets, so the movements alone do not establish what the recipients planned to do.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.