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Stablecoins@whale_alert on XFiled 29 h ago

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A wallet of unknown ownership received 104,466,568 USDT, worth roughly $104.4 million, from the OKX exchange in a single Ethereum transaction flagged by Whale Alert. The transfer moves a nine-figure stablecoin balance out of a major centralized venue and into a self-custodied or otherwise unidentified address, a pattern traders often read as a precursor to deployment into spot, derivatives or DeFi rather than an imminent sale. Because the funds are denominated in Tether, the move does not by itself shift crypto exposure, but it removes roughly $104 million of liquidity from OKX's order-book and withdrawal capacity. On-chain watchers will now track whether the destination wallet forwards the USDT to another exchange, bridges it to a different chain, or deposits it into lending and yield protocols.

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Named in this story

USDT, OKX, Whale Alert