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2025-04-22 13:27:25

Galaxy Digital Swaps $105 Million in Ethereum for Solana

Lookonchain analysts recorded a major operation from the Galaxy Digital investment company: over the past two weeks, the company has transferred 65,600 ETH (~ $ 105.5 million) to Binance and withdrew 752,240 SOLs (~  $ 98.3 million).

At the time of exchange:

Ethereum: $ 1624 (−1.4% per day, −1.2% per week)

SOLANA: $ 139.86 (−0.5% per day, +6.1% per week)

Fundamentally SOLANA also strengthens the position:

The volume of trading on DEX networks (3 months):

 SOLANA: $ 395 billion

 Ethereum: $ 364 billion

Active addresses:

 SOLANA: 224 million

 Ethereum: 79 million

Earlier, on April 17, Galaxy Research proposed to change the voting mechanism for inflation on the SOLANA network - perhaps the transaction is related to this initiative.

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