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Galaxy Digital transfers 100,111,677 USDC to unknown wallet

Galaxy Digital transfers 100,111,677 USDC to unknown wallet

The transaction involved about $100.1 million in USDC, a dollar-pegged stablecoin, with the destination address not identified in the source.

USDC

Fact Check
Both the verified @whale_alert X post and the Whale Alert transaction page independently confirm the precise figure of 100,111,677 USDC (~$100.1M) transferred from Galaxy Digital to an unidentified wallet on Ethereum, with matching transaction hash and timestamp. The destination address is labeled 'unknown wallet,' consistent with the claim. Only minor caveat is the USD equivalent (~$100.098M vs stated ~$100.1M), which is a rounding match.
    Reference: 12
Summary

Galaxy Digital moved 100,111,677 USDC, worth 100,098,809 USD, to an unknown wallet. The transfer points to a large on-chain movement of a dollar-pegged stablecoin, though the source does not identify the receiving address or indicate whether the transaction reflects internal treasury management, over-the-counter settlement, exchange flows, or client-related activity.

Terms & Concepts
  • USDC: A dollar-pegged stablecoin issued on blockchain networks.
  • stablecoin: A crypto token designed to track a stable asset, usually the U.S. dollar.