Spartan Group just withdrew 573,081 GAL ($1.4M) from Coinbase Prime:

• transaction: 0xade28e63af25dfaab23112e78f0a62fe6e71c3a3561b8ee6fde9dae0c7c73dec
• address: 0x54b55662901af57b31fb6b52af8175b652a5816e
• This address belongs to the entity Spartan Group

Notably, this is the first time Spartan Group, an investor in Galxe, has accumulated GAL from a CEX. This withdrawal came after Upbit, the largest cryptocurrency exchange in South Korea, listed the Galxe (GAL) Korean won trading pair earlier today.

Previously, Spartan Group only vested GAL from Galxe and then unloaded the tokens to CEX, including:

• receiving a total of 1.7M GAL from "Galxe: Initial Treasury" every 3 months between July 1, 2022, and May 6, 2024, at an average price of $2.06 (total: $4.06M);
• depositing 351,984 GAL to Coinbase Prime at $3.44 ($1.39M) on May 17, 2024.

Currently, Spartan Group holds 2.27M GAL ($5.56M) across 3 addresses.

Fig 1. Spartan Group's overall GAL deposit and withdrawal to/from Coinbase Prime.

Fig 2. The GAL fund movements of Spartan Group.

Fig 3. The Spartan Group's current top 5 holdings.