Galaxy Digital and Paradigm sell off Ethereum in large quantities: On-chain detection of ETH movement worth 16 billion yen

Successive large-scale selloffs
Several major cryptocurrency investment companies have been observed selling off large amounts of Ethereum (ETH). According to the latest data from cryptocurrency tracking service Lookonchain, Galaxy Digital has transferred 65,600 ETH (equivalent to approximately 14.7 billion yen) to Binance in the past two weeks, while withdrawing 752,240 SOL (approximately 13.8 billion yen) from the exchange, suggesting a shift in assets from ETH to SOL.

Big moves! Looks like they’re betting more on SOL now. Gonna be interesting to see how this plays out 150 $degen