A post by @whale_alert on X.
120,400,000 $USDT (120,259,132 USD) transferred from #Bitfinex to Tether Treasury
@whale_alert on X
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Tether Treasury received 120.4 million USDT (about $120.26 million) from crypto exchange Bitfinex in a single on-chain transfer flagged by Whale Alert. The movement shifts a nine-figure stablecoin balance from exchange wallets back to the issuer’s treasury, a flow typically associated with issuance, redemption, or internal liquidity management rather than spot trading. Because the transfer stayed within the Tether-Bitfinex ecosystem, it does not by itself change USDT’s circulating supply, which remains the key metric to watch. Traders will look for a corresponding mint or burn on Tether’s transparency page and for follow-on transfers to exchanges that would signal fresh buying power.
Muhabbit's AI wrote this summary of @whale_alert's post in its own words. It can get details wrong, so read the post on X.
Named in this story
USDT, Bitfinex, Tether