Ethereum: Galaxy Digital Sends 24,007 ETH to New Wallet Worth $82.04 Million, Likely Linked to BitMine

COINOTAG News, November 12, Onchain Lens monitoring shows a newly created wallet receiving 24,007 ETH from Galaxy Digital, valued at $82.04 million. The move signals active on‑chain activity among major crypto participants and could reflect treasury management by a prominent holder. The wallet’s creation and the inbound transfer are under close watch by market participants seeking to gauge liquidity flows in Ethereum.

Analysts caution that attribution to BitMine hinges on on-chain tagging and historic patterns, with no formal disclosure yet. According to on-chain analytics, such a sizable inflow underscores sustained institutional interest and can influence near-term sentiment and liquidity dynamics in the ETH market, reinforcing evolving balance-sheet strategies within the crypto sector.