EddieJayonCrypto

 18 Apr 25

tl;dr

Galaxy Digital, a major crypto investment firm, has transferred over $100 million worth of Ethereum (ETH) to centralized exchanges within a week, sparking speculation about whether this indicates a large sell-off or strategic portfolio management. The firm moved substantial ETH amounts to Binance an...

Galaxy Digital has transferred over $100 million worth of Ethereum (ETH) to centralized exchanges amid recent market volatility.
These significant ETH movements, spanning April 15 to 18, 2025, have prompted speculation about whether Galaxy Digital is executing a large sell-off or strategically restructuring its portfolio.

The firm moved thousands of ETH units to Binance and other platforms, including transactions of 12,500 ETH valued at around $20 million on multiple days.
While large transfers to exchanges commonly signal potential selling, Galaxy Digital might also be preparing to provide liquidity or diversify holdings.

This surge in transfers coincides with the resignation of Christine Kim, Galaxy Digital’s Vice President of Research and noted Ethereum expert, which has intensified speculation about a possible shift in the company's Ethereum strategy.
The market is closely watching these developments, as they could influence ETH’s price amid an already volatile trading environment.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 18 Apr 25
 18 Apr 25
 18 Apr 25