Galaxy Digital's recent withdrawal of $95 million in Solana (SOL) reflects confidence in the network's stability and future growth. This large-scale withdrawal impacts market liquidity, potentially boosting SOL's price and staking returns, while demonstrating substantial institutional backing.
Despite a lack of immediate statements from Galaxy Digital, analysts view this move as positive for Solana's ecosystem. The increased visibility of Solana may spark interest from developers and institutions alike, highlighting its potential for long-term growth.
As of April 21, 2025, Solana is performing well in the market, indicating a strong institutional confidence that could support its stability amid market fluctuations.
Full story here: https://coincu.com/333474-galaxy-digital-sol-withdrawal
