COINOTAG News, April 22nd – Recent data analysis from The Data Nerd indicates that Galaxy Digital has transferred an additional 5,000 ETH to Binance, amounting to approximately $8.11 million. Over the past week, the firm has moved a cumulative total of 65,280 ETH to centralized exchanges, equating to a staggering $105 million. Notably, Galaxy Digital retains a balance of about 55,760 ETH, valued at around $87.86 million. This significant activity underscores increasing liquidity in the market and raises questions about potential impacts on Ethereum’s price dynamics. Investors and analysts should monitor these shifts closely, as they could signal broader institutional strategies in the cryptocurrency landscape.
Source: https://en.coinotag.com/breakingnews/galaxy-digital-shifts-5000-eth-to-binance-weekly-total-reaches-65280-eth/
