Galaxy Digital Moves 8 Million ETHFI to Binance, Eyeing $284K Profit

On February 27th, COINOTAG News reported a significant transaction involving Galaxy Digital, which transferred 8 million ETHFI to Binance, as highlighted by on-chain data analyst @ai_9684xtpa. This transfer, completed just four hours ago, was valued at approximately $7.76 million. The acquisition price per ETHFI was about $0.93, aligning closely with the transfer price of $0.97. Should these assets be liquidated at the current price, Galaxy Digital stands to realize a profit of around $284,000. This strategic move underscores the firm’s active engagement in the cryptocurrency market, providing insights into trading patterns and liquidity management. As institutional involvement grows, such transactions reflect the evolving landscape of digital assets and investor sentiment towards cryptocurrencies.