Two large transfers totaling 346.2 million Tether (USDT) occurred on October 29, moving 132.4 million USDT on the Tron network and 213.8 million USDT on Ethereum just five seconds apart. The transaction details do not indicate whether these transfers were related to redemption requests, cash payouts, or token burns, nor do they show any impact on market liquidity. Tether's redemption process requires account verification and a minimum of $100,000 in tokens, but no such confirmation is evident from the data. The reason behind these large transfers remains unclear, leaving investors to watch for further developments.
The story about large USDT transfers across Tron and Ethereum is presented with Pluang's market data for context. For readers following major cryptocurrencies, breadth shows 5 rose and 44 fell among 50 priced assets. Notable movers include VET at Rp106 with a -9.97% change and 62% sell order activity, DOT at Rp16.762 with a -9.50% change and 95% buy order activity, and ONE at Rp22 with a -9.45% change and balanced order activity. This data is as of Oct 30, 2026 03:41 WIB.
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