Institutional whale activity: 13,000 ETH transferred to exchanges

HashBandit · 2026-01-19T16:12:12+00:00

Recently, Galaxy Digital released 13,000 Ethereum through over-the-counter trading accounts, worth approximately $41.75 million. Some of these have entered the market and moved into hot wallets across multiple exchanges. This move has attracted market attention, and the specific purpose remains to be seen.

HashBandit

2026-01-19 16:12:12

Abstract generation in progress

【BitPush】On-chain data monitoring shows that an institutional wallet has just made a significant move—13,000 ETH, worth approximately $41.75 million. Half of the ETH has already flowed into the market, with 6,500 ETH (valued at $20.89 million) now entering hot wallets of several leading exchanges.

This move comes from Galaxy Digital’s OTC trading account. According to on-chain transfer records, they have dispersed these assets across multiple trading platforms—usually indicating preparations for large transactions or portfolio adjustments. Continuous large ETH inflows into exchanges tend to attract market attention, as every move by institutions can be amplified and interpreted. Whether they are reducing holdings or using the assets for other purposes, the subsequent developments are worth watching.

ETH-0.6%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
4
Repost
Share

Comment

0/400

CoinBasedThinking

· 11h ago

Galaxy's move... dispersing entries across multiple exchanges. The nice way to say it is flexible allocation; the less nice way is probably trying to suppress the price. Wait, hold on. Can 13,000 tokens really make a splash at this scale...? Now, there's nothing to be afraid of anymore.

View OriginalReply0

LiquidationWatcher

· 11h ago

Galaxy is causing trouble again. Is this really serious, or just a repositioning?

View OriginalReply0

GasFeeTherapist

· 11h ago

Galaxy's move... is it trying to scare people again? --- Wait, dispersing across multiple exchanges—are they trying to dump or what? --- Over 40 million, now that's a real whale operation. --- Another sign of reduction? I'm just wondering why so many institutions are in such a hurry to sell off. --- Dispersing entries across multiple exchanges... Is this guy really trying to sell or just fishing? --- 13,000 coins being moved causes the market to shake three times—this must be the joy of having pricing power. --- Galaxy wouldn't really want to bottom fish, right... The market is still entering despite this?

View OriginalReply0

TokenSleuth

· 12h ago

Is Galaxy cutting leeks again? Or is it just moving to a different place? Wait, spreading deposits across multiple exchanges... Is this a sign of a dump? Dropping over $40 million worth of ETH all at once, is this wave going to fall? Institutions are always ahead of us... So annoying. Spreading out entries is actually more suspicious, aren't they just afraid of being discovered?

View OriginalReply0