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Crypto Whale Transfers $112 Million in Ether to Galaxy Digital Ahead of Sale

Guavy AI Editorial Team
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ETH
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A significant transfer of Ether (ETH) has taken place on September 23rd. A whale, an entity that controls large amounts of cryptocurrency, transferred 42,000 ETH worth approximately $112 million to Galaxy Digital.

The whale accumulated the Ether through over-the-counter trades handled by Galaxy Digital over the past two months.

This move places a substantial ETH position with Galaxy Digital ahead of a planned sale. It remains unclear what prompted this decision or whether it is related to any specific events in the market.

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