Galaxy Digital Withdraws $19.42 Million in Ethereum from Binance

Galaxy Digital Withdraws $19.42 Million in Ethereum from Binance

Galaxy Digital’s latest withdrawal from Binance adds to a month-long total exceeding $44 million in Ethereum, indicating sustained large-scale asset movement off the exchange.

ETH

Fact Check
The assessment is primarily based on one highly relevant and moderately authoritative source that directly supports the statement. The Phemex News article explicitly reports that Galaxy Digital made a withdrawal from Binance of 7,098 ETH, which was valued at approximately $19.42 million. This directly corroborates every key detail of the claim: the entity (Galaxy Digital), the action (withdrawal), the amount ($19.42 million), the asset (Ethereum), and the source of the funds (Binance).The other five sources, despite some having high authority, are of low relevance to the specific statement. They discuss different, unrelated transactions, such as a large ETH transfer *to* Galaxy Digital from a 'SharpLink' wallet, or mention Galaxy Digital and Binance in separate contexts. Crucially, none of these sources contradict the primary claim. The absence of conflicting evidence, combined with a single source providing direct and specific confirmation, makes it highly probable that the statement is true.
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Summary

Galaxy Digital moved 7,098 Ethereum (ETH) worth about $19.42 million from Binance, according to The Data Nerd. Over the last month, its cumulative withdrawals reached 14,096 ETH valued at roughly $44.12 million. The average purchase price for the withdrawn ETH is reported at $3,130.

Terms & Concepts
  • Ethereum (ETH): A blockchain-based cryptocurrency known for enabling smart contracts (self-executing blockchain code) and decentralized applications.
  • Binance: A global cryptocurrency exchange offering trading for numerous digital assets, including Ethereum.
  • Galaxy Digital: A financial services firm specializing in digital assets, cryptocurrencies, and blockchain technology.