Recent crypto whale activities have attracted the attention of the community. Crypto whale wallets, which own up to US$200 million (World Liberty Financial’s native Stablecoin), traded nearly $200 million in Binance, according to Arkham data. The Blockchain Intelligence Platform has used social media to provide details about the event.
A wallet holding $2B of World Liberty Fi’s stablecoin USD1 just sent $200 Million to Binance.
That wallet is the top holder of USD1 and now holds over 80% of the supply.
What happens next? pic.twitter.com/4h7JMG5smw
— Arkham (@arkham) May 23, 2025
Whale Wallets Move Binan for $200 million
The data reveals that a whale wallet, which consists of nearly $2 billion in USD1, recently transferred $200 million to popular crypto exchange binance. The development raised several eyebrows in the crypto community. A notable development in this regard is reportedly controlled by wallets to exceed 80% of their cumulative $1 supply. Therefore, this development strengthened the wallet’s status as the largest single holder of Stablecoin.
The wallet address “0x208…..e9363” currently accounts for $1.8 billion in cumulative portfolio value. This number is primarily controlled by Stablecoin $USD1. The history of the transaction highlights that whales’ wallets have transferred funds to Binance via mediator addresses. This indicates a planned exchange strategy or off-ramping.
$USD1 remains stable regardless of large transactions
According to Arkham, this large $USD1 transaction with whale wallets highlights pressing questions related to transparency, liquidity risk and decentralization of stubcoin reserves. However, despite such a large transfer, the overall value of Stablecoin is reportedly still stable. Overall, amid the increasing fundamental role of stubcoin in the defi sector, such movements are likely to affect the broader market dynamics, and are therefore keenly observed.
