$249.9M
Ethena: Coinbase Prime Custody
0x2d4d2a025b10c09bdbd794b4fce4f7ea8c7d7bb4
➔
Circle Deposit
0x1a3b234fb570f93eb2244796f0527f834cd30294
Stablecoins leaving exchange, near-term deployable liquidity may decline. $249.9M USDC moved from Ethena: Coinbase Prime Custody to Circle Deposit 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.