Galaxy Digital Swaps 65,600 ETH for 752,240 SOL Tokens, Withdraws $95M SOL from Binance

Galaxy Digital has executed a large-scale cryptocurrency swap, exchanging over $100 million worth of Ethereum (ETH) for Solana (SOL) tokens. Over the past two weeks, Galaxy Digital transferred approximately 65,600 ETH, valued at around $105 million, to Binance while withdrawing about 752,240 SOL tokens, worth approximately $98.37 million, from the exchange. In the last seven days alone, the firm has withdrawn $95 million worth of SOL from centralized exchanges. This move suggests a strategic shift from Ethereum to Solana, with market observers noting the bullish potential of Solana relative to Ethereum.

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