Galaxy Digital Suspected Address Deposits 276 BTC ($16.14 Million) on Binance and OKX
CryptoNewsTerminal Staff12 Aug, 2024
Galaxy Digital Suspected Address Deposits 276 BTC ($16.14 Million) on Binance and OKX
Galaxy Digital, a leading cryptocurrency merchant bank, is suspected to have deposited a total of 276 BTC (approximately $16.14 million) to Binance and OKX, two major cryptocurrency exchanges. This transaction was identified by on-chain analyst The Data Nerd, who noted the deposit occurred approximately four hours prior to their analysis. The suspected Galaxy Digital address currently holds 3,574 BTC, which is valued at approximately $21.04 million based on the current market price of Bitcoin (BTC) at $58,588.29, according to CoinMarketCap. It's important to note that this information is based on on-chain analysis and has not been officially confirmed by Galaxy Digital. This transaction may be related to various factors, such as trading activities, liquidity management, or other business operations.
