GalaxyDigital

In a move attracting attention from crypto investors, Galaxy Digital – the company founded by billionaire Mike Novogratz – has swapped over 100 million USD worth of Ethereum (ETH) for Solana (SOL). This change comes in the context of a sharp decline in Ethereum, while Solana has recorded impressive growth in both price and on-chain activity.

Large capital shifts from ETH to SOL

According to on-chain data, #GalaxyDigital has transferred about 65,600 ETH (worth over 105 million USD) to Binance in the last 2 weeks, and then withdrew 752,240 SOL (equivalent to 98.37 million USD).

Listen, there is an interesting story from the world of the crypt that is worth discussing.
Galaxy Digital is a major player in digital asset management, and they recently took a pretty bold step: they exchanged Ethereum (ETH) for Solana (SOL) worth $100 million. This happened just against the background of the rapid growth of interest in meme tokens and decentralized exchanges (DEX).
The deal took about two weeks, and now Galaxy Digital has about 171 thousand SOL and 55 thousand ETH left in its hands. Moreover, this coincided with the fact that ETH dropped by 20% in a month, while SOL, on the contrary, increased by 8%. It looks like they're sure Solana is back in fashion.
Indeed, activity on the Solana network has increased dramatically. There are more than 4 million active wallets per day (this is after there were only 2.9 million just recently), and it occupies almost half of the total trading volume on DEX — for comparison, this figure is less than 20% for Ethereum. In addition, meme tokens based on Solana have grown again, and now they are worth a total of more than $7.4 billion. Almost the entire sector is in the green zone.
Projects like Pump.fun, PumpSwap, as well as old friends Raydium, Jupiter and JitoSOL, are back at the top. Pump is especially interesting.fun — it consistently brings in millions per day in commission, and this is a clear signal that the ecosystem is bustling with life.
And that's where the question arises. Even if such "heavyweights" as Galaxy Digital start to move away from ETH to SOL, if activity on Solana is at its peak again, and meme tokens are returning with renewed vigor…
Is the season of Solana and memes starting again? What do you think?
$SOL $ETH #solana #Ethereum #GalaxyDigital

Recent on-chain data indicates that Galaxy Digital is shifting its focus from Ethereum to Solana on the Binance exchange, exacerbating challenges for the leading altcoin.
New insights reveal that Galaxy Digital may be liquidating its Ethereum (ETH) assets on Binance.

The firm appears to be investing in Solana (SOL), accumulating nearly $100 million in SOL over a span of two weeks.
Galaxy Digital Withdraws 752,240 SOL From Binance
An analysis shared by Lookonchain suggests that Galaxy Digital is losing confidence in Ethereum based on its recent on-chain activities.

The data shows that the financial services firm may have exchanged a significant portion of its ETH for SOL tokens.

Over the past 14 days, Galaxy Digital has deposited 65,600 ETH, valued at $105 million, onto Binance.

During the same timeframe, the firm withdrew 752,240 SOL tokens, likely as part of an ETH-to-SOL transaction.
“Galaxy Digital appears to be selling ETH and acquiring SOL,” noted Lookonchain. “In the last two weeks, they deposited 65,600 ETH ($105.48M) into Binance and withdrew 752,240 SOL ($98.37M) from the platform.”
The notable volume and regularity of these transactions over a two-week period have drawn attention.

The consistent purchases of SOL follow Galaxy Digital's staking of $40 million in SOL after reaching a settlement with the New York Attorney General regarding LUNA sales.
This is not the first instance of the firm divesting from Ethereum; previously, it shifted from ETH to accumulate Bitcoin in late 2024.

The news has negatively impacted Ethereum's price, which has dropped by 4%, dampening hopes for a rally towards $3,000.
Ethereum is currently experiencing a challenging period as Solana continues to gain momentum.
Recent on-chain activity from Galaxy Digital highlights the difficulties faced by Ethereum, which has seen its value drop below $2,000 following a disappointing first quarter. This situation has prompted many investors to liquidate their ETH assets.
While Galaxy Digital is divesting its ETH, Justin Sun, the founder of Tron, is choosing to retain his ETH holdings.

Additionally, WLFI, a project backed by Trump, has refuted claims of selling its ETH, despite a wallet associated with the project having offloaded over $8 million in ETH tokens.
In contrast, Solana is enjoying a remarkable surge in positive on-chain metrics. Over the past month, Solana has recorded the highest number of active wallet addresses by a significant margin, and its transaction volume has surpassed that of its competitors.
The increase in network activity surrounding Solana has sparked speculation about a potential rise in SOL's value to $2,000.

Currently, SOL is priced at $138.2, having decreased by 1.42%, yet trader enthusiasm remains at unprecedented levels.

#sol #solana #GalaxyDigital #TrendingTopic #MarketSentimentToday

😱 Did you hear? While the U.S. government may be hesitant to buy more Bitcoin, Michael Saylor's MicroStrategy is actively hoarding Bitcoin under the 21/21 plan. Meanwhile, with the Trump administration facing a two-year legislative window for pro-crypto policies, a controversial new IRS rule classifies decentralized finance (DeFi) front ends as brokers, sparking widespread criticism, legal challenges, and concerns about innovation and decentralization in the industry.
📊 Galaxy Digital's research arm predicts that the U.S. government will not buy more Bitcoin (BTC) in 2025, but will focus more on protecting its existing holdings. According to Alex Thorn, head of Galaxy research, the U.S. government will use its existing nearly 183,850 BTC (worth about $17.24 billion) to explore Bitcoin reserve policies. While discussions about using Bitcoin as a reserve asset will continue, the government seems to intend to rely on existing holdings rather than buy more.

$ENA
Galaxy Digital, a leading cryptocurrency investment firm, has made headlines by selling 10.85 million ENA tokens at an average price of $1.144, earning a profit of $2.37 million. This strategic selloff is part of a broader divestment, with the firm transferring 4.46 million ENA tokens worth $4.92 million to Binance just nine hours earlier. In total, over the past 29 hours, Galaxy Digital has liquidated $12.4 million worth of ENA tokens, contributing to market instability.

𝐖𝐡𝐚𝐥𝐞 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐄𝐍𝐀
𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐦𝐩𝐚𝐜𝐭🎉🎉🎉

#GalaxyDigital isn’t the only major player shaking up the ENA market. In the last 48 hours, three significant whales, including Galaxy Digital, have moved 25.81 million ENA tokens (valued at $30.43 million) to major exchanges like Binance and Bybit. This influx of tokens into the market has added to the current price volatility, leading to a sharp decline in ENA’s value.

At present, $ENA is trading at $0.9951, reflecting a steep 13.71% drop over the last day. The token’s market cap now stands at $3.01 billion, while trading volume has surged by 30.44% in the past 24 hours to $613.15 million, resulting in a volume-to-market cap ratio of 20.12%. ENA’s total value locked (TVL) is $5.89 billion, with a market cap-to-TVL ratio of 0.5162, signaling a challenging market environment.

𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐋𝐞𝐯𝐞𝐥𝐬💥

Technical indicators paint a bearish picture for ENA. Resistance levels are positioned at $1.09 and $1.21, while immediate support rests at $0.99. A breach below this support could drive prices down to $0.95. The 4-hour chart reveals a bearish crossover, with the 9-day moving average falling below the 21-day moving average, indicating continued downward momentum.

The Relative Strength Index (#RSI ) is at 46.27, reflecting neutral market conditions, though a recent dip to 29 indicated brief overselling, potentially drawing in bargain hunters. Meanwhile, the Bollinger Bands have widened, signaling heightened volatility. The price’s position below the middle band reinforces the prevailing bearish sentiment, with the lower band near $0.95 acting as a possible target if the downward trend persists.

The Moving Average Convergence Divergence (MACD) indicator further underscores the bearish outlook. The MACD line is below the signal line, and the histogram shows increasing negative divergence, suggesting mounting selling pressure.

𝐎𝐮𝐭𝐥𝐨𝐨𝐤👀🚨

𝐆𝐚𝐥𝐚𝐱𝐲 𝐃𝐢𝐠𝐢𝐭𝐚𝐥’s large-scale selloff has exacerbated ENA’s market challenges, driving significant price volatility. While entry and exit points in this evolving market landscape.
#ENAUSDT🚨 #ShareYourTrade #OnChainLendingSurge $ENA

Galaxy Digital's Predictions on U.S. Bitcoin Policy
According to a report dated December 27 from #GALAXY , the U.S. government will not purchase additional Bitcoin in 2025 but will focus on protecting its current reserves. Currently, the U.S. holds 183,850 BTC, valued at approximately $17.36 billion, stored in various wallets.
Alex Thorn, head of research at Galaxy, stated that the U.S. government may develop a reserve management policy $BTC , but the expansion of Bitcoin holdings is unlikely.

The TRUMP meme coin of former US President Donald Trump created a storm in the cryptocurrency market as soon as it launched on the Solana platform. But behind that resounding success is strong support from three 'giants' in the industry: Ripple, Mike Novogratz's Galaxy Digital, and MoonPay.
The Power Trio Behind the TRUMP Meme Coin
MoonPay Rescues Galaxy Digital and Ripple
#MoonPay , the cryptocurrency payment provider, struggled to provide liquidity for the explosive demand for TRUMP tokens in the early days of the launch.