Movement Alert｜Galaxy Digital Holdings Ltd. Falls 5.05% in Regular Trading, Whale Transfer of 42,000 ETH for Sale Weighs on Sentiment

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On October 8, Galaxy Digital Holdings Ltd. fell 5.05% in regular trading, trading at $20.32 per share, with turnover of $35.86 million. The decline was driven by news that a large holder transferred 42,000 ETH, worth approximately $112 million, to Galaxy Digital for sale, raising concerns over short-term selling pressure on ETH and dampening expectations for related business operations.

The whale had accumulated these ETH through Galaxy Digital's over-the-counter trading over the past two months. The scale of the intended sale triggered market worries that a large liquidation could pressure ETH prices, indirectly weighing on Galaxy Digital's digital asset trading and lending segments. While Galaxy Digital announced a partnership with Sky Protocol, adding $100 million of sUSDS to its corporate treasury and approving it as eligible collateral for its institutional trading business, this positive development did not offset the negative sentiment from the whale's sell-off.

Galaxy Digital Holdings Ltd. operates in the digital asset, cryptocurrency, and blockchain technology industry, providing trading, asset management, investment banking, principal investments, and mining services.

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Falls 5.05% in Regular Trading, Whale Transfer of 42,000 ETH for Sale Weighs on Sentiment","media":"Market Focus","content":"<p><p>On October 8, Galaxy Digital Holdings Ltd. fell 5.05% in regular trading, trading at $20.32 per share, with turnover of $35.86 million. The decline was driven by news that a large holder transferred 42,000 ETH, worth approximately $112 million, to Galaxy Digital for sale, raising concerns over short-term selling pressure on ETH and dampening expectations for related business operations.</p><p>The whale had accumulated these ETH through Galaxy Digital's over-the-counter trading over the past two months. The scale of the intended sale triggered market worries that a large liquidation could pressure ETH prices, indirectly weighing on Galaxy Digital's digital asset trading and lending segments. 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Falls 5.05% in Regular Trading, Whale Transfer of 42,000 ETH for Sale Weighs on Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-10-08 23:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On October 8, Galaxy Digital Holdings Ltd. fell 5.05% in regular trading, trading at $20.32 per share, with turnover of $35.86 million. 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While Galaxy Digital announced a partnership with Sky Protocol, adding $100 million of sUSDS to its corporate treasury and approving it as eligible collateral for its institutional trading business, this positive development did not offset the negative sentiment from the whale's sell-off.</p><p>Galaxy Digital Holdings Ltd. operates in the digital asset, cryptocurrency, and blockchain technology industry, providing trading, asset management, investment banking, principal investments, and mining services.</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLXY","symbol_name":"Galaxy Digital Holdings Ltd.","start_time":0,"source_url":"","article_id":"1193231572","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193231572","pubTimestamp":1791473014,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On October 8, Galaxy Digital Holdings Ltd. fell 5.05% in regular trading, trading at $20.32 per share, with turnover of $35.86 million. 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