Jump Just Shocked the Market: $200M in SOL Instantly Converted to BTC!

Something explosive happened this morning — Jump Crypto swapped 1.1M SOL (≈ $200M) for 2,455 BTC through Galaxy Digital’s OTC desk. While the move didn’t crash the market immediately, the signal is crystal clear.

As a core player in the Solana ecosystem, Jump shifting from SOL to BTC suggests weakening short-term confidence in Solana compared to Bitcoin. Adding to the tension, an ancient whale also transferred 200K SOL to Coinbase Prime earlier today.

Despite the hype around the Solana ETF — with Bitwise’s BSOL seeing over $70M in single-day volume — these institutional-level moves could shake things up.

If SOL fails to hold the $191–$190 support, brace for turbulence ahead.

#Solana #BTC #JumpCrypto #GalaxyDigital #CryptoNews #SOL

BTC
BTC
101,822
-0.15%
SOL
SOL
157.4
-1.71%