Lookonchain, a smart whale tracking service, recently revealed that Galaxy Digital moved a substantial amount of Bitcoin to Coinbase Prime.
Galaxy Digital, led by well-known Bitcoin advocate and former Goldman Sachs partner Mike Novogratz, completed four large transfers totaling 1,652 BTC, valued at approximately $89.9 million.
The transfer stirred significant excitement within the cryptocurrency community, with many crypto enthusiasts voicing their concerns about the sale in response to the announcement on social media.
Galaxy Digital deposited 1,458 $BTC($78.5M) to #CoinbasePrime 8 hours ago. pic.twitter.com/y0G1jcXJtv
— Lookonchain (@lookonchain) September 7, 2024
Bitcoin started September on a bearish note, crashing below $53,000 with most altcoins following suit.
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