According to recent data from Spotonchain, Galaxy Digital has made significant movements in the cryptocurrency market, specifically by depositing 12,500 ETH into Binance, valued at approximately $20.31 million. This transaction marks a continuation of their recent activities, as over the past four days, the firm has contributed a total of 37,500 ETH to the exchange, representing an aggregate value of around $60.34 million. With an average transaction price of $1609 per Ether, this strategic influx of capital highlights Galaxy Digital’s ongoing commitment to leveraging market opportunities. Such substantial deposits may reflect the firm’s confidence in Ethereum’s long-term potential and its operational strategy within the rapidly evolving crypto landscape. Investors and market analysts alike are closely monitoring these developments for insights into future trends.
Source: https://en.coinotag.com/breakingnews/galaxy-digital-deposits-37500-eth-worth-60-34-million-into-binance-over-4-days/