‘Giant buy’ signal? Crypto whales transfer $1.3B to CoinbaseA total of $1.3 billion of USD Coin (USDC)
in transfers from apparent whale addresses to crypto exchange Coinbase on Thursday could potentially be a “giant buy signal” for Bitcoin and ETH, according to market observers.
“USDC moving onto exchanges is a giant buy signal, as the saying goes on the internet ‘money printer go brr,’” crypto trader Blockchain Mane told Cointelegraph.
The five transfers totaling $1.3 billion — with the amounts ranging from $150 million to $350 million — were made to Coinbase on April 25 at 08:15 UTC, according to Etherscan data.[Cointelegraph]
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