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109.05 Million USDC Moved From Unknown Wallet to Coinbase

109.05 Million USDC Moved From Unknown Wallet to Coinbase

Blockchain tracking data shows 109,052,697 USDC, valued at about $109.07 million, was transferred to Coinbase from an unidentified wallet.

USDC

Fact Check
The transaction is documented by Whale Alert, a widely recognized primary source for large-scale blockchain movements. The specific amount (109,052,697 USDC) and the destination (Coinbase) match the claim exactly as seen in the search results for Whale Alert's official social media channels.
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Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a 1:1 value with the dollar.
  • Stablecoin: A cryptocurrency whose value is tied to another asset, commonly a fiat currency such as the U.S. dollar.
  • Blockchain transfer: A movement of digital assets between wallets recorded on a public blockchain ledger.