Three VCs move $40.15M in ETH to exchanges in 24 hours

On-chain analyst The Data Nerd reported on X that several large Ethereum (ETH) deposits were made to exchanges by venture capital firms within the past 24 hours. According to the report, Polychain Capital transferred roughly 5,700 ETH ($9.19 million), Galaxy Digital moved 12,500 ETH ($20.29 million) and B2C2 deposited 6,540 ETH ($10.67 million).