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Article seems mostly accurate but there's a mistake in understanding about the Whale Alert tweets > What’s more, the supposed USD inputs (e.g., 401,431,056 USD
by shawabawa3 6y ago
Article seems mostly accurate but there's a mistake in understanding about the Whale Alert tweets
> What’s more, the supposed USD inputs (e.g., 401,431,056 USD in the top left transaction) are giving perfectly round Tether outputs (e.g., 400,000,000 USDT in the same transaction) in every block — regardless of the prevailing exchange rate or anything else.
Whale Alert uses exchange rates to convert currencies in the post. The "USD inputs" are simply the USDT that was minted converted using a USD/USDT exchange price (I'm not sure which one)
Whale Alert has also hard-coded USD/USDC to 1:1, which is why the coinbase pro minting Tweets match exactly