According to Lookonchain, wallets linked to Galaxy Digital and wallets marked as associated with Genesis Trading transferred Ethereum to Binance, Bybit, and OKX, with the combined exchange inflows drawing attention as possible liquidity or treasury movements.
Lookonchain reported two sets of Ethereum transfers to major centralized exchanges: wallets linked to Galaxy Digital moved 45,000 ETH worth about $104 million to Binance, Bybit, and OKX over roughly 15 hours, while wallets marked as associated with Genesis Trading transferred 1,482 ETH valued at about $3.38 million to Binance, OKX, and Bybit. Such exchange deposits are closely watched because they can signal repositioning, liquidity management, custody changes, or potential sales, although the reported on-chain data alone does not confirm intent.