#Stablecoins worth $16 million have been placed into #Binance by an unidentified #investor with a track record of smart deals, maybe in order to buy more crypto assets.

The whale was first identified by blockchain-tracking company Lookonchain, and it has already completed three extremely successful trades, including selling #Ethereum (ETH) at a local high, exchanging USDC for ETH before it lost its dollar peg, and withdrawing all of its funds from cryptocurrency exchange #FTX just before the bankrupt centralised platform stopped allowing user withdrawals.