A post by @whale_alert on X.

A single transfer of 104,528,925 USDC, worth roughly $104.55 million, moved from an unidentified wallet to Binance on the Ethereum network, according to Whale Alert. The stablecoin movement is notable for its size rather than any price effect, since USDC trades at about $1 and the transfer itself does not change the token's supply or market cap. Large exchange inflows are often watched as a signal of potential buying power or of holders preparing to trade, though the wallet's identity and intent remain unknown. What to watch next is whether the funds stay parked on Binance or are deployed into spot or derivatives markets, and whether further large USDC transfers follow.