This transaction would completely dwarf the market cap of Tether, which currently stands at more than 4 bln
Cover image via www.freepik.com
According to Whale Alert, the website that tracks gargantuan transactions across numerous Blockchains, somebody has tried to transfer 46 bln worth of USDT Tether (yep, that’s eleven digits).
In mere minutes, the tweet had attracted a plethora of comments from bewildered Twitter users before they figured out that the above-mentioned sum actually surpasses the market cap of USDT that stands at $4 bln.
Obviously, the transaction was marked as invalid since the sender had an insufficient amount of funds.
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.