Approximately 136.9 million USDC was transferred from Coinbase Institutional to a Coinbase wallet, according to on-chain data tracked by Whale Alert. The movement represents one of the largest recent stablecoin transfers involving Coinbase's institutional custody arm.
Large transfers between Coinbase Institutional and Coinbase hot wallets often signal preparation for potential market activity or client withdrawals, though the specific purpose remains unconfirmed.
136.9M USDC Transferred From Coinbase Institutional to Coinbase Hot Wallet
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