Ethereum USDT additional flow analysis: the second full-issue distribution in July

Beijing time on July 4th at 18:07:11, TEDA company launched the second additional issuance in the Ethereum network in the month, as of July 8, from the issuance of the additional address, but after the transfer of the relay address, the follow-up In the flow of active addresses to markets such as exchanges, we have also carried out a certain degree of follow-up. Here, we have made statistics on the transfer operations of the main 46 clear receiver exchanges, with a total amount of 84,743,453.54 USDT. Overall, the additional USDT was distributed to four exchanges, namely Binance, Bitfinex, Huobi, Okex.

Among them, Bitfinex accepted the most amount, totaling 41,216,617.26 USDT, the amount accounted for 48.71%, the number of transfer times was 8 times, the proportion accounted for 17.39%.

The amount of Okex is at least 60,382, the amount is 0.07%, the number of transfers is 1 time, and the number of times is 2.17%.

From the active date of the transfer transaction, the transfer transactions on July 6 and July 8 were the most frequent.

On July 6th, the transaction was 18 times. The total amount accepted by each exchange was 31,236,299.77 USDT, accounting for 36.86%, and the transaction times accounted for 39.13%.

On July 8th, the transaction was 15 times. The total amount accepted by each exchange was 21,833,143.03 USDT, accounting for 25.77%, and the transaction count was 32.61%.

Below we further list the target exchange transfer list that can be confirmed as follows:

We turn these to the USDT summary of the different wallet addresses of each exchange and show them further graphically:

We can see that through more than forty transfer operations (since some transfers involve relay addresses, the actual number of transfers is more than listed), the USDT of this additional issuance is basically completed. Overall, most of the additional USDTs were transferred to the Taidex company's connected exchange Bitfinex, while Binance, Huobi and Okex also received a certain number of USDTs, through the active exchanges of these transactions, the second issuance this month. The USDT officially entered the market.

Source: Beijing Chain

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Exploring the evolution of the stablecoin market structure: Why can USDT always dominate the first place?

Stablecoin competition is an endless topic, as the industry struggles in its second decade, hoping that the market ca...

Blockchain

FTX Founder SBF The Astonishing Fall of the Former Cryptocurrency King

In the development process of a new technology, there will always be a moment when the hype is so common that it is t...

Market

Old-timers Leaving the Crypto Circle Some Get Married and Have Children, Some Start New Businesses

In the world of encryption, people come and go. Have you ever wondered where the people who have left the cryptocurre...

Blockchain

The US Department of Justice accuses SBF of misappropriating over $100 million of customer deposits for political donations.

Sam Bankman-Fried is said to have used over 100 million dollars of user funds to provide campaign donations for both ...

Blockchain

Run, clear the sea? This question for the exchange is too difficult

Text | Qin Xiaofeng Production | Odaily Planet Daily The market turned cold, and the exchange changed from a once env...

Blockchain

IMF urges Philippine central bank to collect crypto exchange transaction data and use data for macroeconomic analysis

According to Cointelegraph reported on January 2, the International Monetary Fund (IMF) urged the Philippine Central ...