Large whale deposited $130M USD1 to Binance over four days, signaling potential selling pressure on the Trump-backed stablecoin.
DeFi & Yields ·
A single wallet transferred 30 million USD1 to Binance within minutes, bringing its total deposits to the exchange to 130 million USD1 over a four-day span across three separate transfers. The asset in question is Trump-backed USD1. The wallet in question can be tracked on-chain.
Large deposits to centralized exchanges typically precede token sales, suggesting potential selling pressure ahead. The timing and size of these sequential transfers—totaling $130 million—indicate deliberate positioning by a high-net-worth holder, not scattered retail activity.
It remains unclear whether the wallet intends to liquidate the full position or retain part of it, or what factors prompted the timing of these deposits. The market impact will depend on execution speed and whether other large holders follow suit.