Galaxy Digital Withdraws $28M in SOL and Deposits $60.4M in ETH to Binance, Shifting Strategy

Galaxy Digital has made substantial movements in the cryptocurrency market, withdrawing a total of 218,285 SOL, valued at approximately $28 million, from Binance over a 24-hour period. In addition, the firm has deposited a total of 37,500 ETH, worth about $60.4 million, into Binance within the last four days. Recent transactions include a withdrawal of 61,298 SOL ($7.98 million) and an additional withdrawal of 156,987 SOL ($20.66 million). Alongside these withdrawals, Galaxy Digital has been actively depositing ETH into Binance, with recent deposits of 12,500 ETH ($20.37 million) and 12,500 ETH ($20.28 million). The firm is reportedly selling ETH and acquiring SOL, indicating a strategic shift in its asset allocation. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant