🧊 Galaxy Digital Moves $103M in Ethereum to Coinbase — What’s Going On?
Crypto markets were stirred today as Galaxy Digital, the investment firm led by Mike Novogratz, transferred a massive 39,834 ETH (worth approx. $103.6 million) to Coinbase — all within an 8-hour window.
🕵️♂️ Why it matters:
Large transfers to centralized exchanges like Coinbase often hint at potential sell-offs. While it’s unclear if Galaxy plans to liquidate, the timing — amid a slight market pullback — has sparked speculation across the crypto community.
📉 What could be happening:
Rebalancing or prepping for a strategic move?
Signaling reduced ETH exposure ahead of more volatility?
📊 Ethereum's price has been fluctuating recently, and such large institutional moves often impact market sentiment.
🔍 Want to track it live?
Follow Galaxy’s wallet activity on-chain via @spotonchain or visit: spotonchain.com
👀 Eyes on Galaxy Digital. With over $100M in ETH on the move, the market is watching closely.
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