Cumberland has transferred more than 600 million USDT received from Tether Treasury to CEX
According to Spot On Chain monitoring on August 9th, wallet address 0x1db (possibly belonging to Cumberland) transferred 270 million USDT from Tether Treasury to multiple centralized exchanges in the past 24 hours, coinciding with the market rebound. It is reported that after the market fell on August 5th, the wallet received 660 million USDT from Tether Treasury and then injected a total of 607.3 million USDT into multiple exchanges, including 333 million USDT injected into Coinbase, 118.5 million USDT into Kraken, 72.4 million USDT into Binance, 51.5 million USDT into OKX, and 32 million USDT into Bullish. These series of operations suggest that institutional investors may still be actively buying.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Faces Price Stagnation Due to Lack of Fresh Demand: CryptoQuant Analysis
REEFUSDT is Now Available on Futures
Bitget launched REEFUSDT futures on September 20 , 2024 (UTC+8) with a maximum leverage of 50x. Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. REEFUSDT-M perpetual futures: Parameters Details Listing time September 20, 2024 18:30 (UTC+8) Underlying asset REE
Is The Uptober Bull Run Starting? AI Cryptos Jump 8%, Meme Coins Surge 7% As ETH And SOL Soar