Advertisement

Galaxy Digital Deposits 65,600 ETH and Withdraws 752,240 SOL in $105M Ethereum-for-Solana Swap

Galaxy Digital has conducted a major cryptocurrency transaction involving Ethereum (ETH) and Solana (SOL) over the past two weeks
By: DeepNewz
Galaxy Digital Deposits 65,600 ETH and Withdraws 752,240 SOL in $105M Ethereum-for-Solana Swap

Galaxy Digital has conducted a major cryptocurrency transaction involving Ethereum (ETH) and Solana (SOL) over the past two weeks. The firm deposited approximately 65,600 ETH, valued around $105 million, into the Binance exchange. Concurrently, it withdrew about 752,240 SOL, worth approximately $98.37 million, from Binance. This activity indicates that Galaxy Digital is selling Ethereum to acquire Solana. Despite these transactions, Galaxy Digital still holds around 55,760 ETH, valued at approximately $87.86 million.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

Advertisement

Get an edge in Crypto with our free daily newsletter

Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri

90k+ Defiers informed every day. Unsubscribe anytime.