The whale, which has attracted attention with its recent transfers, once again took millions of dollars worth of USDT from the Tether treasury and sent these assets to the exchanges.
The whale, which has a close relationship with the Tether treasury, once again received millions of USDT. Reported by on-chain analysis platform Lookonchain to data according to January 5 The investor who took action on the day, from the Tether treasury 735 million USDT pulled and all the last 3 days in to stock exchanges transferred.
Since the whale in question purchased directly from the Tether treasury, it is thought to be an institutional investor. same wallet 20 October It attracted attention with its purchases from the Tether treasury before the great rise of the cryptocurrency market in its history.
Since then, Tether has been removed from its treasury. 2.55 billion USDT The pulling whale sent all of these to the exchanges in the process. The cryptocurrency market has also gained a significant amount of value since October 20, when the whale started buying. Only Bitcoin since then more than 50% experienced an increase.
The rise in the cryptocurrency market and the expectation of spot Bitcoin ETF approval also had a positive impact on the Tether front. The market value of the company will increase significantly in 2023 to record level rose. According to CoinGecko data, Tether is currently 93.5 billion dollars has a market value.
The same whale was last seen from the Tether treasury on January 3. 182 million USDT He pulled it and sent it to the stock exchanges.