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August 27, 2019

Wannabe Crypto Whale Tries to Send $46 Billion in Tether (USDT)

By Daily Hodl Staff

An attempt to send a transfer of 46 billion Tether (USDT), worth $46 billion, is turning heads among crypto whale watchers.

Whale Alert first reported the transfer, which tried to move significantly more than Tether’s total supply of 17.8 billion USDT between two unknown wallets.

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The attempted transfer was later deemed to be invalid due to insufficient funds. According to Omni Explorer, the transfer would have cost just $0.52 if it had been valid.

Crypto whales at large have been relatively quiet as Bitcoin hovers above $10,000.

Two big Bitcoin transactions have hit the ledger in the last couple of days. One moved 8,180 BTC worth $82.9 million between two unknown wallets.

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Another noticeably large Bitcoin transaction moved 12,009 BTC worth about $124.8 million, which was also sent between two wallets of unknown origin.

Both BTC transfers could be over-the-counter sales or represent traders or organizations moving funds between wallets to keep the assets secure.

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