Whale Alert Reports 396.7 Million USDC Transfer Between Unknown Wallets
The tracked movement involved 396,700,577 USDC, valued in the post at about $396.67 million, and was sent from one unidentified wallet to another.
USDC
Fact Check
The claim is directly supported by a post from the official Whale Alert X account, which matches the specific amount (396,700,577 USDC) and the 'unknown wallet' details mentioned in the statement. The transaction ID in the search results matches the one provided in the user's links.
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Summary
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Terms & Concepts
- USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
- Wallet: A blockchain address or tool used to store, send, and receive digital assets.
- Stablecoin: A type of cryptocurrency intended to keep a stable value, often by being linked to a fiat currency such as the U.S. dollar.