533,293,953 USDT and 15,074 BTC are transferred between exchange and unknown wallet

According to Whale Alert, the sharp market correction coincided with an increase in activity from crypto whales, moving over half a billion dollars in stablecoins in just a few hours.

When Bitcoin started cracking $ 50,000 on Saturday around 8:30 a.m., hundreds of millions of dollars in crypto began to migrate between exchanges and wallets.

Whale Alert marked one of the largest stablecoin transfers of the past day when a wealthy investor transferred USDT worth $ 116.68 million from the Binance exchange to an unknown wallet.

https://twitter.com/whale_alert/status/1466942993127116806?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Also of interest is another transaction from another whale on Binance for USDT 118.87 million that was moved to an unknown wallet.

https://twitter.com/whale_alert/status/1467038623925157889?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Other major transfers discovered during the crypto market crash are:

Whale Alert has also noticed a large bitcoin transfer. The company transferred 15,074 BTC worth $ 720.62 million between wallets of unknown origin.

https://twitter.com/whale_alert/status/1467020171655188480?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
The whale activity came amid one of the biggest crypto market crises in recent times. According to Coinglass, about $ 2.5 billion has been liquidated in the past 24 hours.

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