Galaxy Digital, a major cryptocurrency firm, recently exchanged its significant Ethereum holdings (ETH) for a substantial amount of Solana (SOL). The company transferred around $105 million worth of ETH to Binance, while withdrawing $98.37 million in SOL from the exchange over the past two weeks. This move sparked analysis by Standard Chartered, which investigated the potential reasoning behind this decision. Their report suggests that Galaxy Digital’s sale of ETH could be driven by a declining Ethereum price trend. 50 billion in market value was lost for the Base platform and the firm noted that stablecoins, or tokenized real-world assets could contribute to stabilizing Ethereum. Meanwhile, Tron founder Justin Sun continues to hold onto his ETH holdings and denies claims he sold them. Market data reveals that SOL has gained 8% over the past month, while ETH has declined around 20%. This information is for informational purposes only and does not constitute investment advice.