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**Galaxy Digital Receives Major ETH Transfer Amid Market Activity**
On-chain analytics reveal that approximately 5,000 ETH was moved from an unlabeled wallet address to Galaxy Digital at 22:28 UTC. This significant cryptocurrency transfer underscores ongoing institutional engagement with [Ethereum (ETH)](/en/trade/ETH_USDT), which currently trades at $3.12K with a 24-hour market fluctuation of -0.10%.
The whale transaction, tracked through blockchain monitoring tools, highlights how major holders continue to interact with prominent digital asset firms. Galaxy Digital's receiving of such a substantial ETH position reflects the institution's active participation in the cryptocurrency ecosystem.
With Ethereum maintaining a $376.05B market capitalization and experiencing $587.10M in daily trading volume, large-scale transfers like this one demonstrate the persistent movement of assets among key market players in the digital asset space.