Cumberland has transferred over 600 million USDT received from Tether Treasury to CEX
2024-08-09 01:37:06
Spot On Chain monitoring shows that the wallet address 0x1db (possibly belonging to Cumberland) transferred $270 million USDT from Tether Treasury to multiple centralized exchanges in the past 24 hours, coinciding with the market rally. It is reported that after the market fell on August 5, the wallet received $660 million USDT from Tether Treasury and subsequently injected a total of $607.30 million USDT into multiple exchanges, including $333 million injected into Coinbase, $118.50 million from Kraken, $72.40 million from Binance, $51.50 million from OKX, and $32 million from Bullish. This series of operations suggests that institutional investors may still be actively buying.
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