Mike Novogratz's Galaxy Digital Swaps $100M ETH for SOL, On-Chain Data Shows

SOL is up 8% in the last month while ether is down nearly 20%.

Galaxy Digital has swapped $105 million worth of ETH for $98.37 million in SOL, as observed on-chain.

Market trends show SOL has increased by 8% while ETH has decreased by nearly 20% in the past month.

Solana's DEX volume surpassed $500 billion, outpacing Ethereum's $400 billion, with active addresses on Solana exceeding 220 million.

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