Summary
- Lookonchain reported that Arthur Hayes was spotted transferring 508.647 Ethereum (ETH) to Galaxy Digital.
- It stated that Galaxy Digital is a company that provides OTC and trading services to institutional investors and high-net-worth individuals.
- Lookonchain said this large Ethereum movement is related to the possibility of a sale.
Arthur Hayes, co-founder of BitMEX, was spotted transferring about 500 Ethereum (ETH) to Galaxy Digital.
On the 19th, on-chain analysis account Lookonchain reported that Hayes sent 508.647ETH to Galaxy Digital. The amount is about $1.5 million.
Galaxy Digital is a company that provides over-the-counter (OTC) and trading services to institutional investors and high-net-worth individuals, and large asset movements are often interpreted as sales or preparation for trading.
Lookonchain added, "This transfer raises the possibility of a sale."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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