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Galaxy Digital and Paradigm sell off Ethereum: $160 million worth of ETH transfers detected on-chain

2025/04/22 17:41 (Updated 2025/04/23 07:01)

CoinPost

Written by Lewis Kikutani

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Galaxy Digital and Paradigm sell off Ethereum: $160 million worth of ETH transfers detected on-chain

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A series of large sales

A series of large sales

Several major cryptocurrency investment companies have been observed selling 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 (equivalent to approximately 13.8 billion yen) from the exchange, suggesting a shift in assets from ETH to SOL.

In addition, major cryptocurrency VC Paradigm transferred 5,500 ETH (equivalent to approximately 1.2 billion yen) to Anchorage, a broker for institutional investors, on the morning of April 22nd. P...

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