Smart Whale tracker Lookonchain has reported that a short while ago, Galaxy Digital transferred a hefty amount of Bitcoin to the Coinbase Prime exchange.

This investment fund focused on cryptocurrencies is spearheaded by the renowned Bitcoin bull and former Goldman Sachs partner Mike Novogratz.

Those were four massive transfers that carried a total of 1,652 BTC worth $89,928,189.

The cryptocurrency community was set abuzz by the news of this transfer to Coinbase Prime as multiple crypto enthusiasts left comments under the tweet, expressing their deep concern over this sale by Novogratz’s company.