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Galaxy Digital, which sells a massive amount of Ethereum, is continuously accumulating Solana! - Coin Bulletin
Galaxy Digital, which has been in the news with its Ethereum (ETH) sales, has turned to Solana (SOL) purchases after its sales over the last 6 days.
Recently, Galaxy Digital had sold a large amount of Ethereum assets. After these sales, it has now shifted its focus to accelerating Solana purchases, drawing attention. With the liquidity obtained from the sale of Ethereum (ETH), the company has made a notable strategic shift by increasing its (SOL) purchases of Solana.
According to data published by the on-chain data and analysis platform Lookonchain, Galaxy Digital has withdrawn 606,000 SOL from exchanges and staked 462,000 SOL in the last 4 days. This movement indicates the company’s confidence in Solana and its future expectations. Staking transactions are preferred as a way to earn passive income in cryptocurrencies, and interest in Solana’s processing power and speed is increasing.