According to ChainCatcher, Coinglass data recorded a large on-chain transfer at 15:53 on June 21. The transaction involved 39.8 million USDT moving from an unknown wallet to Binance.
The alert was categorized as whale movement and included the key details available from the monitoring record: the time of transfer, the asset involved, the amount, and the receiving platform. The identity of the unknown wallet holder was not disclosed in the report, and no purpose for the transfer was provided. Binance is a crypto asset trading platform, while USDT is a commonly used stablecoin in the crypto market. Public on-chain monitoring data is often used to track fund flows between wallets and trading platforms.
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