USDC Worth $200M Transferred Into Anonymous Wallet

Another large batch of USD (USDC) has been moved by anonymous users to an unknown wallet, according to the WhaleAlert transaction tracking service. As the website suggests, almost $200 million worth of coins were moved five hours ago.

Someone Just Transferred $200M Worth USDC to a Private Wallet

Popular blockchain service Whale Alert which tracks large transactions of digital currencies has reported that over the past five hours, an anonymous user from has shifted a staggering 200 million USDC coins, worth $200 million. The wallet that received such a large sum from the exchange currently holds 500 million USDC worth $500 million, according to data from etherscan, and constantly makes large transactions to other entities on the network. In the meantime, data from CoinGecko shows that USDC is currently the fifth-largest cryptocurrency by market cap. At the time of writing, the stablecoin is changing hands at $0.999618 and down by 0.1% from the past 24 hours.

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