Arkham: Unknown entity raised $680 million in two days, eventually flowing into Galaxy Digital Address.

WuSaidBlockchainW · 2025-09-11T02:46:40+00:00

An unknown entity raised $680 million on-chain within two days, with funds primarily coming from several well-known addresses, eventually transferred to Galaxy Digital. The fund transfer process was associated with an address suspected to be SharpLink Gaming.

WuSaidBlockchainW

2025-09-11 02:46:40

Abstract generation in progress

According to Wu, Arkham analyst Emmett Gallic revealed that an unknown entity raised $680 million on-chain in two days, including receiving USDT or USDC from addresses such as Galaxy Digital, Origin Protocol founder Josh Fraser, Hypersphere Ventures, and Superstate CEO Robert Leshner. On-chain tracking shows that these funds have now all been transferred out and ultimately flowed into the Galaxy Digital: OTC or Galaxy Digital: Fireblock addresses, while during the transfer process, a link was established with an address labeled as suspected of being SharpLink Gaming.

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