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Galaxy Digital Moves $3.31 Million in ASTER to OTC Wallet

Galaxy Digital transferred 2.9 million ASTER tokens worth $3.31 million to an OTC wallet, in a move possibly linked to a high-value investor.

Summary

Galaxy Digital moved approximately 2.9 million ASTER tokens, valued at $3.31 million, from its custody address to an over-the-counter wallet on Nov. 12, according to blockchain monitoring source The Data Nerd. The transfer may involve a whale, with the tokens now held in OTC custody.

Terms & Concepts
  • OTC Wallet: A wallet used for over-the-counter trades, often enabling large transactions outside public exchanges.
  • Whale: A term for an individual or entity holding large amounts of cryptocurrency, capable of influencing market prices.
  • ASTER: A cryptocurrency token whose transfer in this case involved millions of units by Galaxy Digital.