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