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Whale Addresses Receive Nearly 7,000 ETH from Galaxy Digital

OnchainLens reports three new whale addresses accumulating 10,600 ETH, valued at over $51 million, from Galaxy Digital in just 15 minutes.

ETH

Summary

On August 24, OnchainLens reported that three new wallet addresses accumulated 10,600 ETH, worth $51.04 million, from Galaxy Digital within 15 minutes. This follows recent large transfers by Galaxy Digital, furthering the trend of significant Ethereum transactions.

Terms & Concepts
  • Whale Address: A cryptocurrency wallet that holds a large amount of a specific digital asset, often influencing market movements when transacting.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • Onchain Analysis: The practice of analyzing blockchain transaction data to track fund movements and activity patterns.