💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Tether (USDT) Exits Bitfinex Wallet

Published 10/10/2018, 11:49 AM
Updated 10/10/2018, 01:01 PM
 Tether (USDT) Exits Bitfinex Wallet

The curious movements of Tether (USDT) throughout wallets is raising more red flags, especially after more than 110 million USDT exited Bitfinex overnight. Bitfinex had become the second-richest USDT wallet, with more than 259 million USDT. But as of October 10, the exchange saw its chief USDT wallet shrink to 143 million USDT.

Now, the Tether Treasury is the second-biggest wallet after Binance, with more than 286 million USDT.

At the same time, selling of USDT remains active on Kraken, as an indicator of attempts to move out into fiat. USDT sank toward $0.98 in about an hour, at around 13:30 UTC on Wednesday. The K...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.