π΅οΈββοΈ 0xScope: Starting March 31, 2022, the #binance deposit address has received over 689 million USDT/USDC from #Huobi . For comparison, right now, the total balance of #Huobi Ethereum USDT/USDC is $555 million.
1. Whale moves assets to a larger exchange
2. Do #Huobi and #Binance have some sort of temporary stablecoin loan deal? (Seems to be similar activity with other CEXs)
3. Usual MM behavior
1. Whale moves assets to a larger exchange
2. Do #Huobi and #Binance have some sort of temporary stablecoin loan deal? (Seems to be similar activity with other CEXs)
3. Usual MM behavior
π£ Huobi: Since the liquidity and transfer speed of TRC20 #USDT is much higher and the fee is much lower than ERC20 #USDT, Huobi will transfer 400 million USDT (from wallet 0x1870) to the TRX network via Tether.
twitter.com
twitter.com
Twitter
[Announcement] Since the liquidity and transfer speed of TRC20 USDT is much higher and the fee is much lower than that of ERC20 USDT.
Therefore, #Huobi will change the USDT 400 million held in the wallet starting with 0x1870 to TRX chain through Tether.
Therefore, #Huobi will change the USDT 400 million held in the wallet starting with 0x1870 to TRX chain through Tether.