New Wallet Acquires 13,696.8 ETH from GAL, Holding Total of 100,972 ETH Worth $375.74 Million

On July 26, data from Onchain Lens revealed a significant transfer involving a newly established wallet acquiring 13,696.8 ETH from GAL, with a market value approximating $49.97 million. This transaction highlights ongoing large-scale movements within the Ethereum ecosystem. Presently, the wallet’s total holdings have surged to 100,972 ETH, translating to an estimated $375.74 million in value, underscoring the substantial capital accumulation by this entity. Such activity is indicative of strategic asset positioning amid evolving market dynamics, reflecting broader trends in institutional crypto investment and liquidity management.