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DBS sent 3 million USDC via Galaxy Digital, with the intention of acquiring ETH
According to The Data Nerd, the developing bank DBS has initiated a transfer of 3 million USDC to Galaxy Digital—an influential investment firm in the cryptocurrency sector—within the last hour. According to Odaily's analysis, this operation may indicate DBS's intention to acquire a significant amount of ETH.
Such a large transaction has attracted the attention of market analysts. Galaxy Digital often acts as an intermediary in large blockchain asset transactions, which suggests serious intentions from DBS. While the purchase of ETH remains speculative for now, the scale of the 3 million USDC transfer demonstrates growing interest from traditional financial institutions in digital assets. If the analysts' assumption is confirmed, this could have a positive impact on Ethereum's price movement in the short term.