Galaxy Digital Deposits $23,900 ETH on Coinbase: Market Awaits Price Impact

Major crypto exchange Coinbase received a significant boost as Galaxy Digital transferred 23,900 Ethereum. This move has sparked discussion about potential selling pressure on the market and its implications for Ethereum’s price. The transfer comes amid growing speculation regarding strategic reallocations by institutional investors. Some analysts suggest this could lead to short-term volatility while others remain cautiously optimistic about opportunities presented by this shift in investment patterns. 🕵️‍♂️