A post by @whale_alert on X.

A wallet of unknown origin moved 123,714,042 USDT, worth roughly $123.65 million, to Ceffu, the institutional custody arm tied to Binance, in a single Ethereum transaction flagged by Whale Alert. The transfer stands out for its size relative to typical stablecoin flows and because Ceffu serves as a custody bridge for institutional and exchange-linked clients rather than a retail destination. Receipt by a custodian rather than an exchange deposit address suggests the funds may be staging for trading, collateral, or treasury purposes instead of an imminent sale. The move comes as USDT remains the dominant stablecoin by market capitalization, making large custodian transfers a useful signal of where institutional liquidity is being positioned. Traders will watch whether the receiving address subsequently forwards the USDT to a Binance deposit wallet or deploys it into on-chain venues, which would indicate fresh buying power rather than passive safekeeping.