Summary
- On-chain analytics firm Lookonchain said an anonymous whale is believed to be selling about 13,000 Ethereum (ETH).
- The sale is worth about $41.75 million, and Lookonchain said 13,000 ETH was transferred from Galaxy Digital’s OTC wallet.
- Of that, 6,500 ETH was deposited to centralized exchanges such as Binance, Bybit and OKX, drawing market attention to the possibility of short-term selling pressure.
Forecast Trend Report by Period
On the 19th (local time), on-chain analytics firm Lookonchain said via X (formerly Twitter) that an anonymous whale is believed to be selling about 13,000 Ethereum (ETH). The amount is worth roughly $41.75 million.
According to Lookonchain, 13,000 ETH was transferred from Galaxy Digital’s OTC wallet, and of that, 6,500 ETH has been deposited to major centralized exchanges such as Binance, Bybit and OKX.
The market is watching whether the fund movements will translate into short-term selling pressure.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
