In a move that could only be described as “cosmic financial jazz,” Galaxy Digital recently shuffled 12,500 ETH to Binance. This was their second-largest transfer in three days, because apparently, moving $40 million worth of Ethereum is just a casual Tuesday for them. 🚀
The tokens were sent in two transactions: 2,500 ETH ($4.05 million) and 10,000 ETH ($16.32 million). Because why do one big transfer when you can split it up and keep everyone guessing? 🤷♂️
Galaxy Digital deposited another 12,500 $ETH($20.36M) to #Binance 5 hours ago.
That’s 25,000 $ETH($40M+) moved to #Binance in just 3 days.
— Lookonchain (@lookonchain) April 15, 2025
On April 12th, they sent 4,500 ETH ($7.11 million) and 8,000 ETH ($12.63 million) to Binance. Ether’s price dropped from $1,677 to $1,641 after the latest deposit, proving once again that when whales move, the market trembles. 🐋💥
Galaxy Digital’s Crypto Shenanigans: Stablecoins, AVAX, and a Side of Chaos
But wait, there’s more! Galaxy Digital also moved 5 million USDT to Binance, along with 100,000 USDC and $1,000 worth of AVAX. Because why not diversify your chaos? According to Arkham Intelligence, the firm now holds 200 ETH ($328,000) and 18,150 AVAX ($363K). They’re still sitting on $7.97 million in stablecoins, because even in crypto, some people like to play it safe. 🛋️
Meanwhile, a mysterious whale bought 4,208 ETH ($6.87 million) from OKX using four different wallets. This whale also borrowed 4.85 million USDT from Aave and deposited it into OKX, likely to buy more Ethereum. Because when you’re a whale, you don’t just buy crypto—you orchestrate it. 🐳🎻
In another twist, a new wallet withdrew 3,000 ETH ($4.92M) from Kraken, moved it to Aave and Compound, borrowed 3M USDC, and deposited it back into Kraken. The likely goal? Buy more ETH. Because in crypto, the only thing more confusing than the technology is the strategy. 🤯
A newly created wallet withdrew 3,000 $ETH($4.92M) from #Kraken 5 hours ago and deposited it into #Aave and #Compound.
Then borrowed 3M $USDC and deposited it back into #Kraken, likely to buy more $ETH.
— Lookonchain (@lookonchain) April 15, 2025
These crypto movements come after a $200 million settlement in the LUNA market manipulation case. Galaxy Digital was accused of selling its LUNA holdings without proper disclosure, because apparently, transparency is optional in the crypto world. 🌌
In 2020, Galaxy Digital promoted LUNA and secured a deal to buy it at a discount. When the price rose, they sold their holdings for huge profits but didn’t disclose the transactions properly. Because who needs ethics when you have profits? 💰
Ether ETF Outflows: The Plot Thickens
On April 15, the Ethereum spot ETF saw a net outflow of $6 million. Fidelity’s FETH led the outflow with $7.8 million, while 21Shares’ CETH saw a net inflow of $1.8 million. Because in crypto, even the ETFs can’t make up their minds. 🤔
Ether has struggled this market cycle. While Bitcoin hit a new all-time high, Ether didn’t follow suit. The ETH/BTC trading pair has dropped by 80% since 2022, proving that even in the crypto world, not everyone gets to be the star. 🌟
Analyst Predicts Ether Rebound: Because Why Not?
Ether had its worst quarter in five years in Q1 2025, dropping to $1,400. But analyst Ali Martinez has spotted a positive sign on the price chart, suggesting a potential rebound. The TD Sequential Indicator on the weekly chart is showing a buy signal, because in crypto, hope springs eternal. 🌈
Martinez identified $1,546.55 as a key support level for Ethereum, where 822,440 ETH were previously accumulated. Because in the crypto world, even the numbers have drama. 🎭
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2025-04-15 15:08