35 Million USDT Transferred from Binance to Unknown Wallet, Coinglass Reports

35 Million USDT Transferred from Binance to Unknown Wallet, Coinglass Reports

N
News Editor
2026-06-04 21:00:50
On June 5, 2026, at 02:37 (UTC+8), Coinglass tracked a transfer of 35,005,300 USDT from Binance to an unlabeled address, marking it as a whale movement.
USDTBinancewhale movementon-chain dataCoinglasslarge transfer

According to on-chain data monitored by Coinglass, a transfer of 35,005,300 USDT was detected moving from Binance to an unknown wallet at 02:37 (UTC+8) on June 5, 2026. Coinglass, a cryptocurrency data analytics platform, flagged this transaction as a whale movement. USDT, the largest stablecoin by market capitalization, is issued by Tether and pegged 1:1 to the US dollar, serving as a crucial medium for trading, derivatives, and institutional settlements. Binance, the leading centralized exchange by trading volume, often sees its on-chain flows scrutinized by analysts and market participants. Large transfers to unlabeled wallets are typically associated with over-the-counter deals, institutional rebalancing, or private asset shifts by high-net-worth individuals.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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