Blockchain tracking alert shows 101,000,000 USDC, valued at $100,983,421, moved from Coinbase Institutional in a large on-chain transaction.
A large on-chain transfer moved 101,000,000 USDC worth $100,983,421 from Coinbase Institutional to an unknown wallet, based on a blockchain tracking alert linked in the source. Such transfers can reflect internal wallet management, over-the-counter settlement, or a client moving funds into self-custody, but the destination wallet was not identified in the alert.