A crypto whale has transferred 42,000 ETH, valued at approximately $111.88 million, to Galaxy Digital for liquidation. On-chain monitoring by Onchain Lens confirmed the large-scale transfer intended for selling.
The whale had accumulated this ETH position over the past two months through Galaxy Digital's over-the-counter (OTC) trading desk before initiating the current sell-off.
Whale Sells $112M in ETH via Galaxy Digital OTC
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.