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Galaxy-Linked Address Sends 4.943M ASTER to Binance—First in Two Weeks

Galaxy Digital has continued its ASTER offloading strategy, transferring a significant $68.28 million worth of tokens to Binance, while maintaining a substantial position in the asset.

Fact Check
Source 12 directly confirms the statement, reporting that a 'Galaxy Digital-Linked Wallet Deposits 4.943M ASTER... to Binance After 2 Weeks.' Multiple other sources corroborate that Galaxy Digital-linked wallets were actively transferring ASTER tokens to Binance during this period, strengthening the claim.
    Reference: 123
Summary

Galaxy Digital transferred 40.8 million ASTER tokens, worth $68.28 million, to Binance over the past week, with 200 ASTER tokens ($3 million) moved in the past 5 hours. Despite these moves, the firm still holds 31.9 million ASTER tokens valued at $47.21 million, signaling its ongoing significant position in the asset.

Terms & Concepts
  • ASTER Token: A digital asset used within the Astar Network for staking, governance, and participation in ecosystem activities.
  • Binance: A major global cryptocurrency exchange platform used for trading various digital assets, including tokens like ASTER.