A 33-day-old wallet draws $54.99M USDC off Coinbase while exchanges still record a net stablecoin inflow

The largest on-chain move in six hours runs opposite to the broader 24h flow, which shows more USDC arriving on venues than leaving.

The trigger transaction moves $54.99M USDC from a Coinbase-labelled address to wallet 0x5d76…00f3, a counterparty with a 33-day history and prior links to both Coinbase and OKX.

Within the traced depth the funds have not reached an exchange, mixer, bridge or sanctioned address, remaining off-venue. Over the last 24 hours, USDC exchange flow totals $517.24M in against $494.05M out across 9,917 transfers, a net arrival of dry powder that contrasts with this single large withdrawal.