In a notable transaction, GSR Markets transferred 440 million GALA tokens, valued at approximately $10.55 million, to address 0xB44…68459 within the last five hours.
This marks the largest single GALA transfer made by GSR in the past year.
GSR Markets 过去五小时向地址 0xB44…68459 转移了 4.4 亿枚 GALA，价值 1055 万美金🧐 这也是 GSR 近一年来金额最高的一次 GALA 转移
目前 $GALA 已成为接收地址持仓价值第一的资产，暂未转移或卖出
钱包地址 https://t.co/KK8YA46zyN pic.twitter.com/WdZephxXEG
— Ai 姨 (@ai_9684xtpa) October 22, 2024
GALA Now The Asset With High Value At The Receiving Address
Currently, GALA has become the asset with the highest value at the receiving address, and none of the transferred tokens have been sold or moved as of yet. This significant transaction highlights GSR’s growing interest in the GALA ecosystem, which has drawn attention from various market participants.
Adding to the intrigue, DWF Labs, another major market maker, holds $88 million in GALA, with $22.4 million stored across their wallets. Of this amount, $2.65 million is specifically held in GALA, positioning the token as the third-largest asset in DWF Labs’ portfolio.
DWF Labs holds $88M in $GALA. They have $22.4M in their wallets, of which $2.65M is hold the $GALA. $GALA is the 3rd largest in their portfolio. GSR, Wintermute, and another popular market maker DWF also hold $GALA. pic.twitter.com/bdwWzSULwe
— CW (@CW8900) October 21, 2024
Beyond GSR and DWF Labs, other prominent market makers such as Wintermute also have substantial GALA holdings, further underscoring the token’s importance among key players in the crypto trading space.
With these major market makers accumulating GALA, market observers are keeping a close watch on the token’s future performance. The recent surge in large transfers suggests increasing interest in the asset, which could influence GALA’s market trajectory in the near term. For now, the tokens sit idle, leaving room for speculation on the next moves from GSR and other holders.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/gsr-markets-transfers-440-million-gala-in-major-move-amidst-increasing-holdings/