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55 Million Tether USDt (USDT) Transfer to Coinbase Tops Earlier Moves

The Nov. 10 transfer exceeded similar movements of 41,048,700 USDT on Nov. 5 and 40 million USDT on Nov. 1.

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An unmarked metal token rests halfway through a brass slot / TokenPost.ai
An unmarked metal token rests halfway through a brass slot / TokenPost.ai

A 55 million Tether USDt (USDT) transfer from an unidentified wallet to Coinbase on Nov. 10 surpassed two earlier November movements to the exchange, making it the largest of the three recorded transfers.

On Nov. 5, 41,048,700 USDT moved from an unidentified wallet to Coinbase. That followed a 40 million USDT transfer from an unknown wallet to the exchange on Nov. 1.

Each transfer was described as coming from a wallet whose owner was not identified. The transaction descriptions name Coinbase as the destination but do not identify who controlled the sending wallets.

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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