Galaxy Digital Moves $80M of Ethereum to Exchanges

Institutional crypto investor Galaxy Digital has deposited nearly $80 million worth of Ethereum (ETH) onto Binance and Coinbase within the last five days. This transfer, documented by on-chain analyst Lookonchain, involved multiple transactions initiated around April 12th. The firm’s total ETH deposits amount to approximately 58,000 ETH ($92 million at current value), a move that suggests potential selling activity.