Galaxy Digital recently moved 12,500 ETH to Binance, which marks the second largest transfer in the past three days. A similar down payment of 12,500 ETH was done on April 12. The company has sent a total of 25,000 ETH worth more than $ 40 million in the last three days.
Galaxy Digital has moved the tokens in two separate transactions. First, 2,500 ETH worth $ 4.05 million, followed by 10,000 ETH with a value of $ 16.32 million, both sent to Binance.
On April 12, 4,500 ETH worth $ 7.11 million and 8,000 ETH worth $ 12.63 million were sent to Binance in two separate transactions. Ether’s price fell from $ 1,677 on April 14 to $ 1,641 after the last down payment. This price decrease emphasizes how large institutional transfers can influence market prices.
Galaxy Digital moves millions in crypto; Possesses 8 million in stablecoins
Moreover, Galaxy Digital has also moved 5 million USDT to Binance, together with 100,000 USDC and $ 1,000 work from Avax. According to data from Arkham Intelligence, the company now has around 200 ETH worth $ 328,000 and 18,150 Avax worth $ 363K after the recent transfers. The company still owns $ 7.97 million in stablecoins: 4.2 million in DAI and 3.75 million in USDC.
Yesterday, lookonchain Reported ether whale movements as a mysterious whale bought 4,208 ETH worth $ 6.87 million from OKX using 4 different portfolios. Moreover, the whale also borrowed 4.85 million USDT from Aave and deposited in OKX, probably buy more Ethereum.
In a final update of Lookonchain, a new wallet recently pulled 3,000 ETH ($ 4.92 million) from Kraken and then moved to Aave and Compound. The wallet borrowed 3M USDC and put it back in cracking, probably buy more ETH.
The crypto movements come after a $ 200 million settlement in the manipulation case of Luna market. In particular, the Attorney General of New York had accused the company of the sale of his Luna Holdings without the correct disclosure.
In 2020, Galaxy Digital Luna will promote a deal to buy it with a discount. When the Luna prize rose, the company sold its participations for enormous profit, but the transactions were incorrectly announced.
Ether ETF Record outflows
On April 15, the Ethereum spot ETF experienced a net flow of approximately $ 6 million. Fidelity’s Feth led the outflow by $ 7.8 million, while 21Shares’ Ceth saw a net inflow of $ 1.8 million according to data from Sosovalue.
Ether in particular has difficulty keeping up with this market cycle. Although Bitcoin reached a new of all time, Ether did not show similar profits. FACT, the ETH/BTC trade savings have fallen by 80% since 2022, which emphasizes the underperformance compared to Bitcoin.
Analysts signals potential rebound for ether
It had its worst quarter in five years in Q1 2025 and fell to $ 1,400 because of the market for the market. Analyst Ali Martinez, however marked A positive sign on the price diagram that could suggest a potential rebound. He shared that Ether might prepare for a large rebound, because the TD sequential indicator on the weekly graph shows a purchase signal.
He also identified $ 1,546.55 as an important level of support for Ethereum, where 822,440 ETH was collected earlier, and noticing as a crucial level to pay close attention.