Galaxy Digital Deposits $79.37M in ETH to Exchanges, Sells ETH for SOL; 2015 ICO Whale Sells 3,000 ETH

Galaxy Digital has deposited a total of 49,681 ETH, valued at $79.37 million, into Binance and Coinbase over the past five days. Of this, 37,500 ETH ($60.4 million) was deposited to Binance in the past four days, with a notable deposit of 12,500 ETH ($20.28 million) occurring ten hours prior to the latest report.

Other large transactions have been observed, including Polychain Capital depositing 5,700 ETH (approximately $9.19 million) and B2C2 depositing 6,540 ETH (around $10.67 million) into exchanges within the last 24 hours.

A previously dormant whale, who acquired 76,000 ETH during the 2015 Ethereum ICO at a price of $0.31 per ETH, has moved 30,000 ETH ($47.85 million) after three years of inactivity. Of this, 6,000 ETH ($9.55 million) was transferred to a new address, and 3,000 ETH ($4.78 million) was reportedly sold via Kraken. The whale originally received 76,000 ETH, now worth $121 million.

Another whale who bought ETH at an average price of $1,819 between May and November 2023 sold 5,596 ETH at $1,584 per ETH in the past hour, realizing a loss of $1.312 million, which represents a 12.8% decrease in value over two years.

Additionally, a whale deposited 1,161.77 ETH ($1.84 million) into Kraken after 2.5 years of dormancy, making a profit of $480,000. The whale initially withdrew 943 ETH ($1.11 million) from Binance, swapped 253,730 USDC for 146.59 stETH, and staked it, earning 72 ETH over time.

Coinbase currently controls approximately 8% of all staked ETH.

Galaxy Digital has also withdrawn 150,221 SOL ($19.98 million) from Binance, bringing its total SOL withdrawals to $58 million since April 14 across Binance, Coinbase, and OKX. Reports indicate that more than $50 million in ETH has been sold for SOL by Galaxy Digital in the past week.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.