Galaxy Digital Shifts Assets: From Ethereum to Solana

Crypto investment firm Galaxy Digital has made a substantial move, shifting $105 million worth of ETH to Binance and withdrawing over $98 million in SOL from the platform. This strategic swap indicates potential confidence in the future of Solana (SOL) over Ethereum (ETH). 65,600 ETH was deposited to Binance while 752,240 SOL were withdrawn during this period. The company’s actions have sparked attention within the crypto community, suggesting a deliberate rebalancing of their portfolio.