News View Non-AMP

Ethereum Price Hits $3000 As Galaxy Digital Acquires $76 Million Worth ETH

Published by
Qadir AK

Mike Novogratz’s Galaxy Digital acquires 26,000 ETH worth $76.2 Million from Coinbase Prime and Binance, signaling bullish confidence. Lookonchain reports a significant withdrawal, reflecting growing institutional interest.

Whale Moves and Ethereum’s Uptrend

Onchain data analytics firm Lookonchain reported on X – “On-chain data shows that #GalaxyDigital withdrew 26K $ETH($76.2M) from #CoinbasePrime and #Binance in the past 12 hours.” 

Galaxy Digital’s acquisition reflects broader trends, as Ethereum’s price rallied to $3,000. The price surge followed after a whale activity that included a 14,000 ETH transfer from Coinbase Institutional. 

Galaxy Digital’s Ethereum Strategy

Traditionally cautious, institutions increasingly view cryptocurrencies, especially Ethereum, as diversification assets. Galaxy Digital’s acquisitions come amid Ethereum’s overall positive performance, with the current price at $2,913 and a 30-day surge up by 17.68%. This interest extends beyond digital currency, emphasizing

Galaxy Digital’s move echoes its previous strategic stance on Bitcoin and Ethereum. The firm, known for going long on crypto assets, positions itself favorably in the evolving crypto landscape. As Ethereum gains institutional favor, Galaxy Digital’s $76 million acquisition underscores a bullish outlook for the cryptocurrency. 

Ethereum’s market continues to attract attention, with analysts expecting significant ETF approvals and positive sentiment around the upcoming Dencun upgrade pending on March 13th. Analysts suggest these moves indicate institutional confidence in Ethereum’s potential with Ethereum’s role in decentralized applications and smart contracts.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Shiba vs Dogecoin vs Pepeto price prediction: Which Coin Will Lead the Next Bull Run?

Two cryptocurrencies, Dogecoin and Pepeto, are making headlines in the crypto world. Dogecoin (DOGE) has…

July 19, 2025

4 Coins to Turn $4,000 Into $800,000: Ripple (XRP) Did It Before, Here’s What Could Do It Next

XRP catapulted to $3.84 ATH from its low price—an increase that turned a modest $4,000…

July 19, 2025

Financial Pro From Wall Street Sees XYZVerse Beating ONDO and PI Network With 15,000% Upside

A veteran Wall Street analyst believes that XYZVerse could surpass both ONDO and PI Network…

July 19, 2025

CoinDCX Hack: $44.2M Stolen in Major Breach, User Funds Remain Safe

CoinDCX, one of India’s largest crypto exchanges, has reportedly lost around $44.2 million in a…

July 19, 2025

Will XRP Price Hit $10 in 2025?

XRP is back in the spotlight as excitement grows around its future. With talks of…

July 19, 2025

XRP vs Solana vs Pepeto price prediction: which cryptocurrency is set to have better bull run?

Two Cryptocurrencies -- Ripple’s XRP and Pepeto (Pepeto) -- are making headlines in the crypto…

July 19, 2025