MEXC Receives $100M USDC Transfer from Unknown Wallet
Photo: Coinfomania
Traders scanning the order books got a surprise when a massive transfer of 100 million USDC was reported moving from an unknown wallet to the MEXC exchange. This transfer, valued at approximately 100,036,500 USD, was highlighted by the CryptoTwitter account @whale_alert. Such large movements can significantly impact market liquidity and trading dynamics, prompting traders to reassess their positions in the wake of this development. USDC, a widely used stablecoin, is issued by Circle and primarily utilized in the cryptocurrency ecosystem for trading and liquidity purposes.
Source: Coinfomania
