Huo Xing Finance reports that, on July 18, according to EmberCN monitoring, a large whale/institution sold 30,000 ETH (approximately $55 million) via OTC at $1,833 per ETH through Galaxy Digital. The address transferred the 30,000 ETH into Galaxy Digital’s OTC wallet seven hours ago and received 55 million USDC three hours later.
Entity sells 30,000 ETH via OTC for $55M
MarsBitShare
Summary
A major entity sold 30,000 ETH at $1,833 per ETH through Galaxy Digital’s OTC desk, totaling $55 million. The ETH was transferred to Galaxy’s OTC wallet, and 55 million USDC was received three hours later. ETH prices remain under pressure as large-scale movements continue. ETH analysis suggests such trades may impact short-term market sentiment. The entire transaction took seven hours to complete.
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