Whale Alert logged 100,980,000 Tether (USDT) moving from an address labeled Bitfinex to Tether Treasury on Tron Oct. 20, a transfer that does not by itself establish a redemption.
Whale Alert timestamped the transaction at 11:57 a.m. ET (15:57 UTC) and valued it at $100,880,193.
USDT is Tether’s stablecoin, used in cryptocurrency trading. A wallet movement documents where tokens went; it does not establish a redemption or a trade.
That day, Bitfinex also received 100,980,000 USDT on Ethereum from an unidentified wallet, at a reported value of $100,934,306, according to EconoTimes’ earlier coverage. The records do not show whether the deposit and the Tron transfer were connected.
Whale Alert logged another transfer from Bitfinex to Tether Treasury on Tron on Oct. 9, this one for 140 million USDT.
