Galaxy Digital, the cryptocurrency-focused investment company of famous billionaire Mike Novogratz, invested a large amount of altcoins in the cryptocurrency exchange.
The large amount of altcoin transfers from Galaxy Digital wallets attracted attention. Reported by on-chain analysis platform Lookonchain to data according to the word “0x15abwallet named “ 6 December took action on the day and joined the cryptocurrency exchange Binance. $20.9 million worth 9.179 Ethereum (ETH) deposited.
After this transfer, Galaxy Digital’s wallet in question $22.8 million worth 10,038 Ethereum remained. Also worth $44 million in the same wallet 1,000 Wrapped Bitcoins (WBTC) is available.
Although it is not known exactly why the company made this transfer, it is a possible pre-sale preparation It is thought that the process may occur. Mike Novogratz’s company, which does not give up its cryptocurrency support even in the bear market, may have wanted to use the recent rises as a profit taking opportunity.
According to CoinGecko data, in the last 24 hours 2.6% increase ETH exhibiting at the time of writing from $2,262 is being traded.