Galaxy Digital Transfers 23,314 ETH to New Wallet
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 01 2025Significant Ethereum Transfer: Galaxy Digital transferred 23,314 ETH, valued at approximately $88.27 million, to a newly created wallet, following a previous transfer of 39,652 ETH, indicating strong institutional activity in the Ethereum market.
Market Implications: The lack of official commentary from Galaxy Digital raises speculation about potential strategic repositioning or client settlements, with analysts noting that such large transfers could impact liquidity and volatility in the cryptocurrency market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
