Galaxy Digital, a fancy name for folks who gamble with digital beans, been shoveling Ethereum
into them crypto casinos, Binance and Coinbase. Seems like they’re cleaning house, or maybe just
spreading the wealth… or lack thereof. 🤷♂️
Word on the street, or rather, on X (formerly known as that bird app), from some fella named
Lookonchain, says Galaxy Digital dumped 49,681 ETH, which is nearly $80 million in real money,
between April 12 and 17. That’s a whole lotta beans! Came from their over-the-counter wallet,
which, get this, still holds $11.8 million in crypto doodads. Them fancy wallets, always full of surprises.
Galaxy Digital deposited 49,681 $ETH($79.37M) into #Binance and #Coinbase in the past 5 days.
— Lookonchain (@lookonchain) April 17, 2025
Now, some folks are saying this could make the market all jittery. Like a wet dog shaking off fleas.
If enough people get spooked, they might join the fire sale. Could be a bumpy ride, folks. Buckle up! 🎢
Even with all that fancy dumping, Galaxy Digital’s still sitting on $538.6 million in crypto-whatnots.
Mostly Bitcoin, ’bout $329 million, then some Ethereum, USDT, and USDC. Like a squirrel hoarding nuts for the winter, only these nuts are digital. 🐿️
Maybe Galaxy Digital’s just getting ready for a rainy day. Or maybe they know something we don’t.
Either way, it could mean more dumping and more sales. Time will tell, I reckon. ⏳
And get this, Galaxy Digital’s sister, Galaxy Ventures, raised $150 million to help out them baby crypto startups.
And they’re planning on adding another $25 to $30 million. Rich folks helping out rich folks. Ain’t that the way it always is? 💰
Heard they also made a deal with CoreWeave to turn their crypto-mining place in Texas into a spot for AI stuff.
From digital gold to artificial brains. What a world, eh? 🤖
Will Ethereum (ETH) Price Drop Again?
Ethereum’s price, well, it’s kinda like a leaf in the wind. Depends on what the rest of the market does.
If Bitcoin sneezes, Ethereum catches a cold. 🤧
Thing is, Ethereum’s been having a hard time breaking that $2,000 mark. Like trying to herd cats.
Just can’t seem to get over the hump. 😼
Some smart fellas at Santiment said Ethereum looked good a while back, when it was around $1,550.
Then, all of a sudden, the whales started moving around, pushing the price up to $1,700. But then, wouldn’t you know it,
they started selling off, and the price dropped back down below $1,600. Whales giveth, and whales taketh away. 🐳
If Galaxy Digital’s moves make the whales nervous, Ethereum could drop below that $1,550 mark.
Could be a rough patch, folks. Hold on tight! 😬
And those fancy ETH exchange-traded funds? They’ve been losing money since April 7. Lost $12.1 million on April 16, they say.
Seems like folks are pulling out their chips. Maybe they know something too… 🤔
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2025-04-17 17:11