Galaxy Digital, a crypto-focused investment management firm, has withdrawn 25,000 BANANA (approximately $1.15 million) from Binance. According to The Data Nerd, an on-chain analyst, the withdrawal occurred four hours ago from an alleged Galaxy Digital address. The reason behind the withdrawal is unknown, but it could be related to Galaxy Digital's recent investment activities. The firm has been actively investing in crypto projects, including those in the decentralized finance (DeFi) space. BANANA is the native token of the ApeSwap DeFi platform. The withdrawal comes amid a broader trend of increased institutional adoption of cryptocurrencies. Galaxy Digital is one of the largest and most well-respected crypto investment firms in the world, and its actions are closely watched by the market. It is worth noting that the withdrawal does not necessarily indicate a bearish sentiment from Galaxy Digital. The firm could be simply rebalancing its portfolio or moving its funds to another exchange. However, the withdrawal does highlight the growing interest in DeFi projects from institutional investors.