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USDT Whale Flows

The stablecoin rail of crypto markets. Track Tether (USDT) whale moves across Ethereum + Tron, with Tether Treasury mint/burn detection and plain-English context.

Last update: 2026-07-10 23:04 UTC · auto-refresh every hour · live data from on-chain Transfer events

Live snapshot · 24h cross-chain

Whale transfers (24h) 5,120 ≥ $1M USDT each
Total volume (24h) 32.14B USDT $32.14B USD-equivalent
Ethereum share 19.44B USDT 60% of 24h volume
Tron share 12.70B USDT 40% of 24h volume

Two-Layer live feed

Top USDT moves in the last 24 hours

Each row shows what happened (Layer 1) and why it might matter (Layer 2). Chain badge marks Ethereum vs Tron. Larger USDT amount first.

eth">Ethereum1.00B USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
1.00B USDT 0x6df746...a418ca ↗
08:11 UTC
Ethereum491.0M USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
491.0M USDT 0x1eb51b...d15e00 ↗
09:41 UTC
Ethereum316.0M USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
316.0M USDT 0x4292c6...b68440 ↗
06:51 UTC
Ethereum229.0M USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
229.0M USDT 0x6ce1c7...9568d0 ↗
05:02 UTC
Ethereum200.0M USDT moved on Ethereum from an unlabelled wallet to Binance 14
stablecoin moving toward a trading venue — buying pressure often follows
200.0M USDT 0xaac029...00a6a1 ↗
05:33 UTC
Ethereum200.0M USDT moved on Ethereum from an unlabelled wallet to Binance 14
stablecoin moving toward a trading venue — buying pressure often follows
200.0M USDT 0xab3d76...07ccc9 ↗
04:33 UTC
Ethereum174.0M USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
174.0M USDT 0x0439a4...c5be54 ↗
04:23 UTC
Ethereum174.0M USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
174.0M USDT 0x713482...821025 ↗
04:24 UTC
Ethereum170.0M USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
170.0M USDT 0x4f756b...30cc0d ↗
04:25 UTC
Ethereum170.0M USDT moved on Ethereum from an unlabelled wallet to an unlabelled wallet
mega-size off-exchange move — likely institutional OTC or treasury rebalance
170.0M USDT 0xf07650...18cdec ↗
04:25 UTC

Tether Treasury · last 7 days

USDT supply changes

Canonical supply-changing events. Mints (issuance) and burns (redemption) by Tether Treasury on both chains. These flow into Tether's monthly attestation reports.

Minted (7d) 7.40B USDT 25 mint events · new USDT issued
Burned (7d) 3.36B USDT 19 burn events · USDT redeemed
Mint on Tron · → TWLd8Z...GeCh · 07-10 14:09 UTC
+2.5M USDT
Mint on Tron · → TVWi2A...i1RS · 07-10 13:33 UTC
+4.0M USDT
Burn on Tron · ← TRfUwR...qqzD · 07-10 10:19 UTC
−4.0M USDT
Mint on Tron · → TLZH45...b7oV · 07-09 20:21 UTC
+2.3M USDT
Mint on Tron · → TVWi2A...i1RS · 07-09 14:14 UTC
+1.5M USDT
Burn on Ethereum · ← 0x7713...35ec · 07-09 13:53 UTC
−40.1M USDT
Mint on Tron · → TU8QSU...QnFa · 07-09 09:36 UTC
+750.0M USDT
Burn on Ethereum · ← 0x4817...951f · 07-09 09:12 UTC
−750.0M USDT

Cross-asset context

USDT is the stablecoin rail. Most crypto-market liquidity flows through Tether. When USDT moves to exchanges, buying pressure often follows; when USDT moves out, traders are de-risking. BTC ↔ USDT and ETH ↔ USDT rotation flows are tracked automatically and surfaced in our daily brief.

FAQ

Frequently asked

What counts as a USDT whale transaction?

Any on-chain Tether (USDT) transfer of ≥ $1,000,000 USDT in a single event. USDT has 6 decimals; we filter by raw value at the contract level. Both Ethereum (ERC-20, 0xdAC17F95…) and Tron (TRC-20, TR7NHqjeKQxGTCi8q8ZY4pL8…) are tracked from the contract's Transfer event log.

How is Tether Treasury identified?

Hard-coded canonical addresses per chain: 0x5754…b949 on Ethereum, TKHu…fQgFs on Tron. Mints = transfers FROM Treasury; burns = transfers TO Treasury. These are the same addresses Tether discloses in their monthly attestation reports.

What about USDT on Solana, Avalanche, etc.?

Phase 4 ships Ethereum + Tron (≈98% of USDT supply). USDT-on-Solana whale moves are visible via the SOL Spotlight (SPL token transfers). Other chains land in Phase 5.

How do I get the raw data?

REST API at /v1/usdt/whales/recent, /v1/usdt/whale/<txid>, /v1/usdt/address/<addr> (chain auto-detected from address format), /v1/usdt/treasury/events. Bearer authentication required (Research tier). Full OpenAPI 3.0 spec available.

When does the page update?

Every hour at minute :04. Live whale-feed lags ~1-3 minutes behind the chain (block-confirmation + indexer batching). For real-time alerts, follow the USDT Bluesky feed.