Blockchain tracking data showed 200,000,000 USDT, valued at $199,818,200, moving between the affiliated entities in a treasury transfer.
A transfer of 200,000,000 USDT worth $199,818,200 was recorded from Bitfinex to Tether Treasury. The movement appears to be an internal treasury transaction between the closely linked crypto companies, a type of transfer often watched by traders for clues about token supply management and exchange liquidity.