A whale has cumulatively withdrawn approximately 13.4 million USDT from MEXC.
Original headline巨鲸从 MEXC 累计提取约 1340 万枚 USDT
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A single whale withdrew roughly 13.4 million USDT from the MEXC exchange, consolidating the funds in a multisignature wallet, according to on-chain monitoring by OnchainLens. The transfers originated from an address labeled MEXC 16 and moved in multiple batches to the same destination wallet. The size of the withdrawal is notable because large stablecoin movements off centralized exchanges can signal a holder preparing for custody, over-the-counter settlement, or deployment into other on-chain positions. With no token price or trading pair involved, the transfer reflects stablecoin liquidity leaving MEXC rather than a market sale. Traders will watch whether the multisig wallet subsequently moves the USDT into DeFi protocols, another exchange, or a new position.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
MEXC, USDT, OnchainLens