On-chain data shows that a whale made two large deposits into Huobi, boosting the exchange’s holdings of USDT and Ether. The whale made the first transfer of $200 million USDT on Tuesday morning Asia time, followed by a second transaction of 5,000 ether (ETH), valued at $9.15 million. The deposits bring Huobi’s supply of USDT up to $273 million, according to DeFi Llama data. Huobi also has a balance of $400 million stUSDT, a Sun-backed project described as the “first real-world asset protocol on the Tron Network” though its not yet widely supported. These transactions come as outflow from Huobi continues.
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