Tether Treasury: a $10 million transaction
Tether Treasury: a $10 million transaction
Crypto

Tether Treasury: a $10 million transaction

By Alfredo de Candia - 27 May 2019

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Only a few hours ago, a 9,900,000 Tether (USDT) transaction worth around $10 million was carried out from the so-called Tether Treasury.

The transaction involves the address 0x5754284f345afc66a98fbb0a0afe71e0f007b949, which corresponds to the Tether Treasury address, i.e. the address that in the past held about 30% of the USDT supply in circulation, becoming one of the 5 addresses with the most Tether.

The transaction, which cost only $0.29, saw as its destination an unknown wallet, 0x568cc6eca34d56f95b16ff0250dfa77f247c47, from which several transactions departed towards different exchanges:

The remaining amount, 1,490 million USDT, has remained in the account and has not yet been moved.

Surely the increase in the value of bitcoin (BTC) is helping to raise the value of other cryptocurrencies and indeed most of them are now registering double-digit rises, which is why a lot of important transactions are taking place, including yesterday’s one which involved 15 thousand BTC.

Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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