Big Ethereum Move: $283M Worth of $ETH Transferred

Aside from Ethereum co-founder Vitalik Buterin’s usual impact, another big player just made a huge move in the Ethereum space.

According to Lookonchain, Galaxy Digital (a large investment company) recently moved 89,000 ETH—worth around $233.5 million—out of one of its wallets in the last 12 hours. This ETH was then sent to another wallet (called 0x0b26), which now holds 139,476 ETH, valued at about $365 million.

This shows that big investors and institutions are still very interested in Ethereum and are holding large amounts of it. With future updates aimed at improving Ethereum’s speed, security, and energy efficiency, the demand for ETH could grow even more.