Tether Moves $495M USDT To Binance; Crypto Community Predicts Massive Pump
According to data from Whale Alert, Tether recently transferred nearly $500 million worth of USDT from its vaults to Binance. The specific amount, $495,375,113, prompted mixed reactions from some users in the cryptocurrency space, with some believing that the largest stablecoin provider may shift its focus to purchasing BTC. This could be a sign of some serious market activity in the future, as large transfers like this usually indicate a large amount of liquidity is about to flood an exchange.
