Just spotted a massive movement on-chain: 110 million USDT just landed in Cumberland's wallet from an unidentified source. That's $110,006,050 to be exact.
Cumberland, for those unfamiliar, is a crypto trading firm under DRW Holdings and one of the major OTC desks in the space. Transfers of this magnitude to institutional wallets often signal upcoming liquidity events or large-scale OTC deals in the works.
The source wallet remains untagged, which adds another layer of intrigue. Could be an exchange cold wallet rotation, a whale repositioning, or prep work for institutional buying pressure. Either way, when nine figures move in stablecoins, it's worth keeping on your radar.
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Just spotted a massive movement on-chain: 110 million USDT just landed in Cumberland's wallet from an unidentified source. That's $110,006,050 to be exact.
Cumberland, for those unfamiliar, is a crypto trading firm under DRW Holdings and one of the major OTC desks in the space. Transfers of this magnitude to institutional wallets often signal upcoming liquidity events or large-scale OTC deals in the works.
The source wallet remains untagged, which adds another layer of intrigue. Could be an exchange cold wallet rotation, a whale repositioning, or prep work for institutional buying pressure. Either way, when nine figures move in stablecoins, it's worth keeping on your radar.