Altcoins News

Story: Galaxy Digital Moves $40M in ETH to Binance as Whale Activity Increases

By Maheen Hernandez

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The Big ETH Transfer: Galaxy Digital’s $40M Move. Over the past three days, Galaxy Digital has transferred a total of 25,000 ETH to Binance, an…

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Stablecoins and Altcoins Join the Mix. But Ethereum wasn't the only asset Galaxy Digital moved.

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Whale Activity and ETH Accumulation. Beyond Galaxy Digital’s moves, whale activity has been picking up as well.

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Legal Scrutiny and Market Sentiment. The recent transfer activity follows Galaxy Digital’s involvement in a $200 million settlement…

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Ethereum ETF Outflows and Market Struggles. Ethereum’s performance against Bitcoin has been lackluster lately.

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Signs of a Potential Rebound. Despite Ethereum’s recent struggles, there may still be hope for a price recovery.

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Ethereum’s Path Forward. As the price of Ethereum remains volatile, the ongoing whale activity and institutional moves…

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In the world of cryptocurrency, few events capture the market's attention like large institutional transfers.

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Over the past three days, Galaxy Digital has transferred a total of 25,000 ETH to Binance, an action that has raised eyebrows across the crypto world.

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The immediate market reaction was noticeable. Following the transfers, the price of Ethereum dropped from $1,677 on April 14 to $1,641, hinting that such significant…

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But Ethereum wasn't the only asset Galaxy Digital moved. Alongside ETH, the firm also transferred several other assets to Binance.

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The firm also retains about $7.97 million in stablecoins, split between 4.2 million DAI and 3.

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Beyond Galaxy Digital’s moves, whale activity has been picking up as well. On April 14, Lookonchain reported that an anonymous whale purchased 4,208 ETH (worth around $6.

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Another recent whale move was tracked when a new wallet withdrew 3,000 ETH (valued at $4.92 million) from Kraken, then moved it to Aave and Compound.

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These large-scale movements highlight the growing interest in Ethereum, with whales actively participating in the market.

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