On January 23, approximately 300031418 USDC moved between unidentified wallets on the Ethereum network. The source and intended recipient were not disclosed.
Analysts cautioned that the moves could reflect large OTC deals or internal transfers between exchanges. USDC, a widely used stablecoin, is often involved in sizable on-chain moves that attract scrutiny. No funds’ origin or final destination has been confirmed, and regulators or exchanges may monitor the activity as part of ongoing monitoring of large stablecoin transfers.
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