Lookonchain data reveals Galaxy Digital unstaked 250,000 SOL, valued at approximately $40.7 million, and subsequently deposited it into the Binance exchange. This transaction occurred roughly three hours ago, sparking speculation about potential market impact. Large SOL transfers to exchanges often precede selling activity, potentially increasing selling pressure on the Solana token. However, it's also possible Galaxy Digital intends to use the SOL for other purposes on Binance, such as staking or participating in liquidity pools. The exact reason behind the deposit remains unknown. Traders and investors are closely monitoring the situation to gauge the potential impact on SOL's price. Keep an eye on market movements in the coming days for further insights. ```