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Unidentified Wallet Sends 55 Million Tether USDt (USDT) to Coinbase on Nov. 10

Two earlier Coinbase-bound entries list 40 million and 41,048,700 USDT on Nov. 1 and Nov. 5, respectively. The wallet owners are unidentified.

Updated 1 min read
Blurred commuters pass the glass entrance of a Coinbase office in San Francisco. / EconoTimes.ai
Blurred commuters pass the glass entrance of a Coinbase office in San Francisco. / EconoTimes.ai

The Nov. 10 deposit of 55 million Tether USDt (USDT) records tokens entering Coinbase, but a single transfer does not show whether the exchange gained USDT overall.

Other November entries show 40 million USDT arriving on Nov. 1 and 41,048,700 USDT on Nov. 5. Coinbase appears as recipient in both, but the entries do not name the wallet owners.

A single deposit records tokens entering the exchange but does not account for USDT leaving it. EconoTimes previously reported a one-hour net outflow of 83,702,400 USDT from Coinbase, a separate measure that compares incoming and outgoing transfers over a period.

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