$50M
Ethena: Coinbase Prime Custody
0x2d4d2a025b10c09bdbd794b4fce4f7ea8c7d7bb4
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Stablecoins leaving exchange, near-term deployable liquidity may decline. $50M USDC moved from Ethena: Coinbase Prime Custody to Ethena on Ethereum. Repeated stablecoin outflows can reduce exchange-side dollar liquidity and immediate buying power available for fast market rotation. High priority whale flow: useful for immediate risk monitoring.