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A new Ethereum wallet tracked by Onchain Lens shows a sizable transfer: 9,272 ETH moved from Galaxy Digital to a freshly created address, valued at approximately $35.77 million. The move underscores ongoing institutional engagement and scale in ETH liquidity flows, reinforcing Galaxy Digital‘s role in managing substantial crypto positions.
While the recipient’s ownership remains unconfirmed, industry observers have speculated that the wallet could be linked to leading ETH holders such as Bitmine or SharpLink. The attribution is not definitive, but the event highlights ongoing concentration of ether among major wallets and has implications for market depth, liquidity, and price discovery in the short term.
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