Unidentified Address Sends ETH to Galaxy Digital After Receiving 52,001 ETH

An unidentified address received 52,001 Ether (ETH) through Galaxy Digital’s over-the-counter channel starting July 23, then moved ETH in batches to deposit addresses linked to the trading firm. The latest transfer was recorded about seven hours before the Oct. 14 report. The ETH was worth about $112 million at the prices then, with an average entry price of about $2,161. If sold at $2,632 per ETH, the position would show a hypothetical profit of about $24.48 million, or 21.8%. The transfers do not establish that the tokens were sold. Enna Lee reports on investing and digital-asset markets for TokenPost.

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