Recently, the crypto assets market witnessed a significant large transaction. It was observed that an address suspected to be related to Anchorage Digital purchased 14,933 Ether (ETH) through Galaxy Digital's OTC Trading (OTC) platform, with a total value of approximately $52.07 million.



The timing of this transaction was quite clever, occurring exactly 4 hours before the price of ETH began to rebound. The average price of the transaction was $3,487 per coin. Notably, this batch of ETH was subsequently transferred in its entirety to another address 0x18A...327Ea.

This large-scale ETH buying behavior has sparked widespread discussion in the market. Analysts believe that this may indicate institutional investors' long-term optimism for Ethereum, or it may be a preparation for the upcoming network upgrade or market changes.

However, it should be noted that while this transaction is related to Anchorage Digital and Galaxy Digital, the specific details and strategic intentions behind the transaction remain unclear. Participants in the crypto assets market are closely monitoring this development to assess its potential impact on the market.

With institutional funds continuously flowing into the crypto assets sector, similar large transactions may become increasingly common. Investors and analysts suggest that attention should continue to be paid to the investment behavior of large institutions, as these actions often reflect the overall trends and potential opportunities in the market.
ETH4.41%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
SigmaValidatorvip
· 7h ago
Whale knows when to time it.
View OriginalReply0
AirdropChaservip
· 08-02 03:51
50 million dollars entering the market, is it a bull run early signal?
View OriginalReply0
SmartContractPhobiavip
· 08-02 03:49
Again made money off other people's suckers.
View OriginalReply0
GasWaster69vip
· 08-02 03:48
Sweet Mouth Old Ba knows the business.
View OriginalReply0
TerraNeverForgetvip
· 08-02 03:48
Large Investors have all rushed in, while retail investors are still hesitating.
View OriginalReply0
RektButSmilingvip
· 08-02 03:41
Insider news is well-fed.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)