Galaxy Digital Swaps $100 Million Ethereum for Solana

A significant move by Galaxy Digital has sent ripples through the cryptocurrency market, with the firm swapping over $100 million in Ethereum for Solana. This strategic swap reflects growing investor confidence in Solana and contrasts sharply with Ethereum’s recent price decline. 65,600 ETH ($105.48M) was deposited on Binance, leading to a substantial increase in Solana’s value by 46% over just two weeks. On the other hand, Ethereum’s price dropped by 21%. Market observers noted a notable shift in user engagement as Solana’s network activity surged.