Galaxy Digital has executed a large-scale cryptocurrency swap, exchanging over $100 million worth of Ethereum (ETH) for Solana (SOL) tokens. Over the past two weeks, Galaxy Digital transferred approximately 65,600 ETH, valued at around $105 million, to Binance while withdrawing about 752,240 SOL tokens, worth approximately $98.37 million, from the exchange. In the last seven days alone, the firm has withdrawn $95 million worth of SOL from centralized exchanges. This move suggests a strategic shift from Ethereum to Solana, with market observers noting the bullish potential of Solana relative to Ethereum. 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
