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Wallet Labeled Unknown Transfers 307 Million Tether USDt to Binance

The Nov. 10 transfer represents one incoming movement of USDT, not a measure of Binance’s overall flows.

By Enna Lee
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Mentioned assets
Green discs enter a steel slot through a clear chute. / TokenPost.ai
Green discs enter a steel slot through a clear chute. / TokenPost.ai

A wallet labeled unknown transferred 307 million Tether USDt (USDT) to Binance on Nov. 10, marking a single large inflow to the cryptocurrency exchange without establishing its overall flows.

No owner was named for the sending wallet. The 307 million USDT figure describes one incoming transfer; Binance’s net flows depend on both incoming and outgoing transfers over a period.

The movement follows a separate 101 million USDT transfer from an unknown wallet to Binance on Nov. 4. The two amounts describe transfers on different dates and do not establish a net flow for either period.

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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