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A whale transferred 42,000 ETH to Galaxy Digital for a planned sale.
Whale sells ETH worth $112 million
PANews reported on September 24 that, according to Onchain Lens monitoring, a whale transferred 42,000 ETH (approximately $111.88 million) to Galaxy Digital for sale. The whale had accumulated this ETH through Galaxy Digital’s over-the-counter (OTC) channel over the past 2 months.
Source: https://www.panewslab.com/zh/articles/01a0d0d0-0110-703d-871f-8d586555ffa0
PANews stated that Onchain Lens detected a whale transferring 42,000 ETH, worth approximately $111.88 million, to Galaxy Digital for sale.
The whale had previously accumulated this ETH through Galaxy Digital’s over-the-counter (OTC) channel over the past 2 months.
The following is analysis, separate from reported facts. Verify important claims independently.
This means an unidentified large holder transferred a substantial amount of Ethereum to Galaxy Digital; the information states that this ETH will be sold.
The large ETH transfer and planned sale may represent selling activity that the market should monitor.
ETH is the native crypto asset of the Ethereum network; a “whale” generally refers to a market participant holding a very large amount.
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An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
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