Tether Transfer Worth $239.7 Million Leads $1.72 Billion in Crypto Moves

Eleven large crypto transfers totaling $1.72 billion took place in a three-hour period ending at 1:01 p.m. ET Nov. 2, led by a $239.7 million Tether (USDT) transfer from Binance to an unknown wallet. The Binance transfer occurred at 11:41 a.m. ET. Five transfers from exchanges to unknown wallets totaled $978.3 million. They included 3,000 Bitcoin (BTC) worth $232.6 million from Binance at 11:56 a.m. ET; 2,920 BTC valued at $227.3 million from Coinbase Institutional at 10:56 a.m. ET; and 200 million USD Coin (USDC) worth $200.1 million from Binance at 10:58 a.m. ET.