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Galaxy Digital has moved 23,900 ETH to Coinbase, triggering sell-off concerns

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Galaxy Digital has moved 23,900 ETH to Coinbase in a move that triggered sell-off concerns for the largest altcoin.

Firm moved ETH holdings from its OTC wallets in multiple transactions, transferring the holdings to Coinbased in under eight hours .

Galaxy Digital offloaded ETH to purchase Solana on Binance last week , triggering a price slump.

ETH price is holding its own since Galaxy Digital moved its ETH holdings to exchanges.