On June 23, Galaxy Digital fell 5.68% in pre-market trading, trading at $31.16/share, with turnover of approximately $105,800.

On the news front, on-chain data revealed that BitMEX co-founder Arthur Hayes recently deposited 6,000 ETH, valued at approximately $10.14 million, to OTC trading platforms FalconX and Galaxy Digital. Large-scale transfers of crypto assets to OTC desks by major holders are typically interpreted by the market as potential sell signals, triggering investor concerns over liquidity pressure in the broader crypto market.

Galaxy Digital, as a global digital asset market maker and custodian service provider, derives its revenue heavily from trading, principal investments, and asset management tied to cryptocurrency market conditions. Weakening sentiment in the crypto space directly weighs on the company's stock. Within the Asset Management & Custody Banks sector, BlackRock fell 1.62%, Blackstone Group fell 1.35%, and KKR fell 0.01%, while Bank of New York Mellon edged up 0.01% and State Street gained 0.74%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)