One wallet drew in $375M from top crypto companies: Is this the biggest direct on-chain investment?
One whale wallet received $375M in stablecoins from top crypto companies, originating from some of the biggest crypto holders and influencers. The receiver reportedly performed one of the biggest direct on-chain raises.
A mysterious new wallet received $375M in stablecoins within just a few hours. The entity, still unnamed by Arkham Intelligence, kept receiving funds from exchanges, as low as 20 USDT from the Binance hot wallet. The biggest single transaction was for 3M from the Mantle Eco Fund, followed by 2.8M USDT from Coinbase Prime.
The inflow of stablecoins on the Ethereum chain also suggests the potential for financing another ETH treasury company. Hours after the inflows, the stablecoins were not swapped or moved.
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