Whale Address Receives 29,311 ETH in $126M Transfer from Galaxy Digital OTC

On August 12, monitoring reports reveal a significant ETH acquisition by a major institution via FalconX, GalaxyDigital, and BitGo, increasing its holdings across nine wallets to over $1.24B.

ETH

Summary

On August 12, a major institution increased its Ethereum holdings by 59,998 ETH, valued at $253.62 million, through transactions involving FalconX, GalaxyDigital, and BitGo. The institution's total holdings now reach 293,184 ETH, approximately valued at $1.24 billion, distributed across 9 wallets. This update follows earlier transfers reported on August 11.

Terms & Concepts
  • Whale: A large cryptocurrency holder whose transactions can significantly influence market dynamics.
  • OTC: Over-the-counter trading conducted outside of formal exchanges.