A $22.75B wallet surfaces after 21 days to route $10.37M USDC, exposing a single CEX link

This high-volume entity, dominated by PUFF and nearly invisible to centralized exchanges, just broke a three-week silence with a single USDC transfer.

The wallet's 3,234-transfer history totals $22.75B, yet only 7% of volume is stablecoins and its sole CEX counterparty is Coinbase at $16.89M. Its top three peers, with combined volume exceeding $17.5B, show zero transactions, suggesting passive or programmatic relationships.

The latest $10.37M USDC move on Ethereum marks its first activity in 21 days.

A dormant, high-volume entity with minimal exchange exposure has re-engaged. The move is large in isolation but minor against its history. The lack of diverse CEX links and dominant PUFF position may signal a specialized operator or protocol-level wallet.