179,999,990 USDT Leaves Poloniex as Five Transfers Reach $468.3 Million

A transfer of 179,999,990 Tether USDt (USDT) from Poloniex to an unknown wallet led five large crypto moves totaling $468.3 million in a three-hour window ending at 1:05 p.m. ET Wednesday, Nov. 11.

The Poloniex transfer was valued at $179.9 million. A previous transfer into Poloniex carried the same quantity, 179,999,990 USDT.

Three Kraken outflows brought another 2,535 Bitcoin (BTC) to unknown wallets: 1,001 BTC ($74.3 million) at 12:06 p.m. ET, plus 832 BTC ($61.8 million) and 702 BTC ($52.1 million) at 12:05 p.m. ET. The four outflows from Kraken and Poloniex totaled $368.2 million.

The other transfer was an inflow: an unknown wallet sent $100 million in PYUSD to Ethena at 12:04 p.m. ET. It was the only transfer to a named recipient in the five-move group, which ran from 12:04 to 12:50 p.m. ET before the three-hour window closed at 1:05 p.m.