😳Giant Companies Are Buying and Selling on RNDR Coin and O 3rd! 😳
There has been activity in the cryptocurrency market from major corporate players in the last few days. Because several large investors have made significant transactions on various crypto assets such as RNDR coin. Here's a breakdown of some of the most notable moves...
👍Cumberland doubles its USDT investment
On May 20, Cumberland DRW, a well-known Chicago-based trading firm, took action. It further strengthened the holdings of Tether (USDT), a stablecoin pegged to the US dollar. According to Scopescan tracking, the firm's corresponding address received a staggering 100 million USDT. This follows a previous transaction in which 65 million USDT arrived at the same address on May 17. Interestingly, Cumberland DRW moved USDT. Notably, OKX has distributed it to multiple exchanges such as Coinbase, Binance, and Kraken. This strategic allocation suggests the firm can prepare for increased market volatility. It also shows that it can potentially predict arbitrage opportunities across different trading platforms.
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