$20.1 million in USDT moved from Tether treasury to the Kraken exchange

08 Apr, 2019 | Updated: 08 Apr, 2019
by Will Heasman
News
$20.1 million in USDT moved from Tether treasury to the Kraken exchange

Two mammoth transactions amounting to over $20.1 million in USDT tokens just got shifted from the Tether treasury to the Kraken exchange…

Thanks to the ever-vigilant eyes of the Twitter account, Whale Alert, these two major transactions were caught moving an hour ago, and already speculation as to what is about to occur is ruminating… 

These two transactions took place just seconds apart, connected by proximity, destination and amount, with the dual transactions coming from the Tether treasury and headed to the Kraken exchange, both citing 9,990,000 USDT a piece. 

Crypto afficiandos and market speculators were quick to jump on these transactions, with ideas already formulating as to what this might mean for the wider market:

A few suggested this may be indicative of an incoming pump:

While this could result in a pump into the markets it could actually involve a mass sell-off, as Kraken is one of the exchanges which supports a USDT/fiat paring…

However, recently it was suggested by CZ, the CEO of Biannce, that money “parked in pseudo fiat” aka stablecoins such as USDT, was waiting on the sidelines, ready to “jump in”:

Proving whether or not this is the start of that money jumping in will require either a very accurate crystal ball or some patience…

Read more: Binance CZ on Bitcoin pump: 'Money ready to jump in, all in FOMO mode'

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Read more about:Tether (USDT)

Poll

Will this cause a pump or dump?

(15 votes)

Add a comment

these huge volumes of the tether moved mean that a lot of crypto whales trust tether and prefer to keep funds in this particular asset
08 Apr, 2019 - 16:25
totally agree with you. there should be reason why they use tether and not other assets
09 Apr, 2019 - 12:07
honestly nothing to add. personally i prefer using tether as i know that i can rely on this coin. tether is a giant in its sphere!
12 Apr, 2019 - 23:08
yeah! there is nothing to surprise as tether nowadays is a very popular coin thats why it is used by a huge amount of traders.
16 Apr, 2019 - 21:48
I think so. The whales understand a value of USDT for this moment.
21 Apr, 2019 - 02:30
hmm, will see what does it mean for bitfinex
09 Apr, 2019 - 08:26
i think it just means that a lot of whales started to move their tethers around the market
10 Apr, 2019 - 15:59
Surely it's somehow connected with the usdt moving from omni or something.
09 Apr, 2019 - 17:23
That's what I though too. A very possible turn of events.
09 Apr, 2019 - 20:14
Whatever. There are whales every week with every possible crypto not just usdt on every possible exchange. And it never means anything.
10 Apr, 2019 - 07:57
ofc usdt is a usable coin.
the most reliable one
10 Apr, 2019 - 23:39
of course, just another news about tether, nothing wrong happened
15 Apr, 2019 - 18:24
As for me, Tether isn’t the rival for any coin on the market, the numbers of USDT just blow my mind
10 Apr, 2019 - 15:40
definitely. any stableocoin can only dream about such trading volume that tether has every day
12 Apr, 2019 - 06:17
i think it's just haters, i like tether and see no problems with it
15 Apr, 2019 - 19:21
Don’t listen to the people who insults USDT, looks like most of them do it for money
10 Apr, 2019 - 16:15
tether haters are nothing for real usdt users
no worries about it
11 Apr, 2019 - 20:24
I don't think that these all are real usdt holders. haters only
16 Apr, 2019 - 21:16
Tether was getting ready for a start of Tron-USDT project.
10 Apr, 2019 - 23:48
ofc, there is not so much time before tether-tron launch
11 Apr, 2019 - 23:22
Oh, about USDT/Tron stablecoin. They say it will be more effective than old USDT, is it true?
14 Apr, 2019 - 20:58
just a sign that tether is in demand
11 Apr, 2019 - 18:35
tether was always of the huge demand coz in it the most reliable stablecoin among all
11 Apr, 2019 - 22:11
and what? whales was always using tether as the reliable coin
13 Apr, 2019 - 11:43
tether is used not only by whales, but sharks of business, and wolves of wall street :D
15 Apr, 2019 - 19:42
good to see that so many tethers were moved to the kraken. this fact means that kraken is really safe exchange
14 Apr, 2019 - 15:19
Regardless stablecoin popularity in crypto trading, we can expect even more growth from Tether. For me it is quite understandable.
14 Apr, 2019 - 19:07
USDT implements all vested tasks being stable and pegged to dollar, this is what its users need, so everything must be ok with it.
14 Apr, 2019 - 19:22
as we see after this the demand has grown
the result is that it was right movement and demand grew
20 Apr, 2019 - 19:46
seems like people from the net don’t want to change their minds about Tether even after such huge results from the coin, well that’s your problems dudes
14 Apr, 2019 - 19:47
whatever, tether is stable, tether has a demand, tether is on the top
nothing more to know
15 Apr, 2019 - 09:08
unfortunately tether has haters as well
but its ok, each worth coin has them
17 Apr, 2019 - 06:30
USDT dominance among stable cryptocurrency is not random, this token is used everywhere and by all accounts this tendency won’t disappear.
15 Apr, 2019 - 13:08
To get legal and legitimate miner and advisor, contact deochristopher10@gmail.com and if you have any case of bitcoin lost please do well to contact him as well they are specialists in this
15 Apr, 2019 - 14:49
will ppl ever stop finding ridiculous reasons to attack Tether? i swear, someone mustve painted a target on this poor coin, the internet just wont stop going crazy near it...
15 Apr, 2019 - 15:50
I’m happy to see market recovering, I’m inclined to think Tether rise in numbers demonstrates this fact pretty clearly.
15 Apr, 2019 - 19:37
tether comes more popular and demand grows
this is the evidence
15 Apr, 2019 - 20:49
no pamp or dump.
tether community growth and the demand as well
16 Apr, 2019 - 20:44
Tether was just preparing for a start of Tron-USDT project.
16 Apr, 2019 - 22:54
from time to time whales choose tether as it is the best stablecoin among all on he market now
17 Apr, 2019 - 08:09
Tether is not new to crypto, I can’t find any reason, why to call it unreliable? Speaking about its experience, I should say it’s the most trusted. Perhaps it has other drawbacks that I cannot see, but fact still remains.
18 Apr, 2019 - 18:47
The end results always speak for themselves, and right now Tether offers enough to the market, so if I was its critic, I would choose my words more carefully, I imagine
19 Apr, 2019 - 19:26
so tired of constant unprovoked media attacks on Tether that just never stop no matter what, srsly what's up with that?
19 Apr, 2019 - 21:09
usdt demand grows very fast.
it is ok and comminity waited for it
20 Apr, 2019 - 20:29

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