Odaily Planet Daily News Mike Novogratz's Galaxy Digital transferred 65,600 ETH (about $105 million) to Binance in the past two weeks and withdrew 752,240 SOL (about $98.37 million), which is suspected of a major adjustment of the asset structure.
This move took place against the backdrop of ETH falling nearly 20% in the past month and SOL rising by about 8%. Standard Chartered Bank's recent report pointed out that ETH faces a "structural downturn" and lowered its year-end target price.
Arkham data shows that Galaxy currently still holds about $87.9 million worth of ETH and $23.86 million worth of SOL. Solana's ecosystem continues to expand, with DEX trading volume exceeding $500 billion in three months, far exceeding Ethereum's $400 billion, and the number of active addresses has exceeded 220 million. (CoinDesk)