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Galaxy Digital Swaps $100M Ethereum for Thriving Solana

4/22/2025

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Summary

Story summary

In a bold move, Galaxy Digital, under Mike Novogratz's leadership, has swapped over $100 million worth of Ethereum for Solana, signaling a strategic pivot as Ethereum falters. In just two weeks, they transferred 65,600 ETH to Binance, acquiring 752,240 SOL. Meanwhile, Solana thrives, boasting a DEX volume exceeding $500 billion, while Ethereum faces a 20% decline.

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Story summary

In a bold move, Galaxy Digital, under Mike Novogratz's leadership, has swapped over $100 million worth of Ethereum for Solana, signaling a strategic pivot as Ethereum falters. In just two weeks, they transferred 65,600 ETH to Binance, acquiring 752,240 SOL. Meanwhile, Solana thrives, boasting a DEX volume exceeding $500 billion, while Ethereum faces a 20% decline.