Cryptocurrencies | Blockchain | Web3 Resource logo Cryptocurrencies | Blockchain | Web3 Resource logo
Coin Edition 2023-02-09 11:29:40

Mysterious Crypto Whale Pumps Ethereum With 1 Billion USDC

A mysterious fund has been influencing the price of Ethereum over the past two months. The fund is essentially a USDC whale that withdraws hoards of USD Coin from Circle and converts it into USD Tether (USDT). The USDT is then sent to several exchanges and subsequently floods the crypto market. According to on-chain analytics The post Mysterious Crypto Whale Pumps Ethereum With 1 Billion USDC appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer