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Galaxy Digital Dumps $103M Ethereum on Coinbase—Just as ETH Tanks
Galaxy Digital Dumps $103M Ethereum on Coinbase—Just as ETH Tanks
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Billion-dollar crypto shop Galaxy Digital just made a power move—or a panic move. They shoved $103 million worth of Ethereum into Coinbase’s arms right as prices took a nosedive. Timing genius or institutional fumble? Wall Street’s ’smart money’ at work, folks.
Why now? Galaxy’s not talking, but the transfer smells like either profit-taking or damage control. Either way, it’s a liquidity injection right when traders are sweating over their leveraged longs. Classic ’sell the news’ behavior—just with nine zeroes attached.
Bonus cynicism: Nothing says ’confidence in crypto’ like a nine-figure exit during a dip. But hey, those management fees won’t pay themselves.
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