Galaxy Digital Transfers Another 5,000 ETH to CEX; Over 65,000 Transferred to Exchanges in One Week
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According to Odaily, as monitored by OnchainDataNerd, Galaxy Digital transferred another 5,000 ETH to CEX 8 hours ago, equivalent to approximately $8.11 million at the time of transaction. Over the past week, they have cumulatively transferred about 65,280 ETH to exchanges, valued around $105 million. As of now, the address still holds approximately 55,760 ETH, worth about $87.86 million. Frequent transfers to exchanges may indicate expectations of liquidation, and the market should be attentive to potential selling pressure.
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