In the last 48 hours, there has been a flurry of activity among some of the biggest names in the cryptocurrency industry. Galaxy Digital, Grayscale, DWF Labs and Wintermute; made significant transfers to various exchanges and wallets. Here are the movements for JASMY coin, ENA, YGG and Bitcoin…
Galaxy Digital transferred ENA coin to the stock market, Grayscale made a BTC move
Leading crypto merchant bank Galaxy Digital has been busy transferring a total of 14.06 million ENA tokens (approximately $19.3 million) to Binance in the last two days. According to on-chain tracking service Ember, these transfers occurred in three separate transactions routed via address 0x335. It is noteworthy that Galaxy Digital received the same amount of ENA two days earlier from Ethena’s contract address 0x473; This indicates a potential acquisition or partnership.
Grayscale, the world’s largest cryptocurrency asset manager, is also making adjustments to its portfolio. On April 12, Arkham Intelligence reported that Grayscale transferred a total of 1457,122 Bitcoin (BTC) to Coinbase and two other unidentified addresses. Interestingly, a significant portion (109,554 BTC) went to Coinbase Prime, a platform serving institutional investors. This move may indicate increasing interest from institutional players in the crypto market.
DWF Labs processed JASMY coin
DWF Labs, a leading investment firm focused on blockchain technology, transferred 100 million JSMY tokens (worth $2.43 million) to Binance. This marks the first significant move of JSMY by DWF Labs in two months. Despite this transfer, DWF Labs still holds a significant amount of JASMY (221 million tokens worth $5.37 million). This remains the third-largest holding according to on-chain analyst @ai_9684xtpa. The reasons behind this specific reloading and large retention of JSMY remain unclear. But this could be a sign of DWF Labs’ confidence in the long-term potential of the project.
Wintermute sells YGG
Finally, Wintermute, a leading crypto market maker, is also making adjustments to its holdings. On April 13, @ai_9684xtpa reported that Wintermute transferred 12.08 million YGG tokens (worth approximately $12.37 million) to Kraken. This move comes at a time when YGG has fallen by 18% in the last 24 hours. While the exact reasons for the transfer are unknown, it may have been a strategic decision for Wintermute to rebalance its portfolio in light of changing market conditions. These latest moves by major crypto players highlight the dynamic nature of the cryptocurrency market.
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