Crypto Transfers Total $564 Million as $109.2 Million Enters Coinbase

Three large crypto transfers totaling $564 million were recorded over the three hours ending at 5:04 p.m. ET (21:04 UTC) on Oct. 13, including $109.2 million in USD Coin (USDC) moved into Coinbase. The largest transfer involved 247,998,274 USDC, valued at $247.9 million, moving from Coinbase Institutional to Coinbase at 4:12 p.m. ET (20:12 UTC). A separate transfer at the same time moved 109,267,471 USDC worth $109.2 million from an unknown wallet to Coinbase. The remaining transaction involved 2,486 Bitcoin (BTC), valued at $206.8 million, moving between two unknown wallets at 3:39 p.m. ET (19:39 UTC).