$499.7 Million USDT Transfer to Binance Leads $1.83 Billion in Crypto Moves

Eight large crypto transfers valued at $1.83 billion were recorded in a three-hour window ending at 4:01 p.m. ET Nov. 4, led by a $499.7 million Tether USDt (USDT) transfer from Tether Treasury to Binance at 3:59 p.m. ET.

At 3:43 p.m. ET, Binance sent 400 million USDT valued at $399.9 million to Tether Treasury, while Bitfinex sent 186.6 million USDT valued at $186.6 million to Tether Treasury. At 3:27 p.m. ET, 159,782,552 USDC worth $159.8 million moved from an unknown wallet to Binance. Also at 3:27 p.m. ET, Tether Treasury sent 120 million USDT to Bitfinex, Bitfinex returned 120 million USDT to Tether Treasury, and Bitfinex sent 108,623,263 USDT valued at $108.6 million to Tether Treasury.

At 1:40 p.m. ET, 2,878 Bitcoin (BTC) worth $231.9 million moved between unknown wallets. Transfers from unknown wallets to exchanges totaled $159.8 million during the window, with no transfers recorded from exchanges to unknown wallets. An earlier three-hour tally included a separate $1.94 billion in crypto transfers, including a $348.4 million USDT transfer to Binance.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].