Galaxy Digital Reallocates $106 Million from Ethereum to Solana

Galaxy Digital, led by CEO Mike Novogratz, executed a significant reallocation of $106 million from Ethereum to Solana on April 6, 2025. This strategic move reflects the growing shift within the institutional blockchain community towards alternative platforms with greater scalability and lower transaction fees. Ethereum’s dominance is challenged as Solana emerges as a preferred choice for large-scale investments.