100 million USDC has been transferred from a USDC treasury address to a Coinbase address, according to Whale Alert. At the time of the transaction, 100 million USDC was worth approximately 100 million dollars at a price of $1 per USDC. The reason for the transfer is unknown, but it could be related to a number of factors, such as: Coinbase is one of the largest cryptocurrency exchanges in the world, and it is possible that the USDC was transferred to Coinbase in order to be sold for other cryptocurrencies or fiat currency. The transfer could also be related to a large over-the-counter (OTC) trade. OTC trades are typically conducted between two parties directly, without going through an exchange. * It is also possible that the transfer was simply a move by Circle, the company behind USDC, to consolidate its holdings. Whatever the reason for the transfer, it is a significant amount of money and is likely to have an impact on the cryptocurrency market.

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