Over $20 Billion in Crypto Moved to OKEX in Minutes

Whale Alert detected rapid transfers of USDT and OKB to OKX, with the OKB moved equating to over 80% of its circulating supply post-August burn.

USDT
OKB

Summary

Whale Alert tracked a series of large transfers to the OKX exchange within 20 minutes, totaling roughly $2.06 billion. The transactions included 652,228,192 USDT and 17,157,570 OKB, with the latter representing about 81.7% of its circulating supply following the August 15 burn that reduced the overall supply to 21 million. These transactions indicate significant asset movements into the exchange in a short time frame.

Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the US dollar, commonly used for trading and transfers in cryptocurrency markets.
  • OKB: The native utility token of the OKX cryptocurrency exchange, used for trading fee discounts, governance, and ecosystem participation.
  • Whale Alert: A blockchain monitoring service that tracks and reports large cryptocurrency transactions in real time.