A 1.6-year-old wallet pulls $49.99M in USDC from Coinbase, the largest on-chain move right now

Deep, aging wallet empties a cold stablecoin position off Coinbase, while the broader USDC market sees net exchange inflows, not outflows.

The $49.99M USDC outflow from Coinbase to wallet 0xe725…118f stands out as the single largest tracked move in the last six hours. The wallet is 1.6 years old with only three distinct peers in its history, yet this transfer was split across many internal wallets at once, suggesting a deliberate and sudden repositioning.

This isolated withdrawal directly contrasts with the 24-hour USDC aggregate, where exchanges recorded a net inflow of roughly $142M ($742.31M in vs $599.89M out), indicating general stablecoin accumulation on venues.

This looks like a single entity moving dry powder to self-custody, running counter to the wider trend of cash arriving at exchanges. It may signal a long-term hold or a shift in venue preference, not an imminent market sale.