Cumberland DWR further sent 100M USDT to CEXs

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Aug 26, 22:05

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Cumberland DWR further sent 100M USDT to CEXs

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Cumberland DWR (likely) 0x1db

Total tokens transferred

100M

USDT

Wallet 0x1db (likely Cumberland DWR) transferred another 100M USDT from the Tether's Treasury to OKX, Coinbase, Kraken, and Binance in the past 8 hours, including:

40M USDT to OKX;
34M USDT to Coinbase;
21M USDT to Kraken;
5M USDT to Binance.

address: 0x1dbbbc3fdb2c4fabd28fd9b84ed99ceb84bfbec5

Notably, the transfers resumed again after 4 days of no USDT injection to CEXs.

In total, the wallet has transferred 1.766B USDT from the Tether to various exchanges since the crash on August 5, 2024, of which 439.92M USDT was done in the past week.

Fig 1. Cumberland has allegedly transferred 1.766B USDT from the Tether's Treasury to various exchanges since August 5, 2024.

#cumberland

#tether

#inject

#usdt

#exchanges

#coinbase

#okx

#binance

#kraken

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Wallet 0x1db (likely Cumberland DWR) further sent 100M USDT to CEXs

Last synced: Aug 27, 03:20

Related signals

2024 Sep 20 - 18:11

Cumberland DWR resumed transferring 67M USDT from Tether to CEXs

Wallet 0x1db (likely Cumberland DWR) transferred 67M USDT from the Tether's Treasury to Binance, Coinbase, OKX, and Kraken in the past 5 hours. Notably, Tether Treasury minted 1B USDT 5 days ago and appears to begin to inject liquidity into the market following the Fed's rate cut.

2024 Sep 16 - 05:54

Tether Treasury minted 1B USDT on Ethereum

Tether Treasury just added 1B USDT as inventory on Ethereum. Notably, this minting comes just ahead of the expected interest rate cut by FED on September 17 and 18, possibly as liquidity preparation for the market.

2024 Aug 22 - 21:18

Cumberland DWR transferred another 100M USDT to CEXs

Wallet 0x1db (likely Cumberland DWR) transferred another 100M USDT from the Tether's Treasury to Coinbase, OKX, and Kraken in the past 4 hours. Notably, since August 5, 2024, this wallet has transferred 1.666B USDT from the Tether's Treasury to various exchanges.