Whale Moves $225.12 Million in USDC, Buys 32,007 ETH From Binance
According to Onchain Lens, the entity acquired Ethereum worth $77.49 million and transferred stablecoin funds from BitGo (digital asset custodian) to Deribit, Bybit, and Binance within 24 hours.
ETH
USDC
Summary
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Terms & Concepts
USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar for trading and payments.
Ethereum: A blockchain network that supports smart contracts (self-executing blockchain code) and decentralized applications.
Whale: A market participant holding enough crypto assets to potentially influence prices or liquidity through large trades.