Anonymous whale deposits $10.1M in ETH to Galaxy Digital

An anonymous whale address starting with 0x71CC deposited 4,637 ETH worth $10.1 million into Galaxy Digital, Onchain Lens reported. The address withdrew a total of 4,892 ETH worth $11.85 million through Galaxy Digital’s over-the-counter trading desk over the past two months and now holds just 255 ETH worth $483,000. Exchange deposits are typically interpreted as intended for selling, and a sale of the deposited holdings would imply an expected loss of $1.27 million.