Investment firm Galaxy Digital has been active in the Ethereum market recently, moving significant amounts of the cryptocurrency. Their latest moves include a $40 million deposit into Binance over two separate transactions totaling 25,000 ETH and an additional $5 million in USDT to Binance. These actions follow similar transfers on April 12th. The firm is also holding substantial stablecoins, including a large amount of DAI and USDC, as reported by Arkham Intelligence. Experts attribute this activity to growing interest from institutional investors looking for potential gains, though market fluctuations remain an issue. 2023’s market downturn has seen Ethereum struggle to keep pace with Bitcoin’s record highs. However, analysis suggests the crypto could be on the cusp of a rebound.