Galaxy moves $300 million on Solana
The post Galaxy moves $300 million on Solana appeared on BitcoinEthereumNews.com. Published: Monday, September 15, 2025 — Updated: Monday, September 15, 2025 A massive move has put the spotlight on Solana: in the last 24 hours, Galaxy Digital has accumulated approximately 300 million dollars in SOL, with subsequent transfers to professional custody wallets. The activities have been detected by on-chain platforms like Arkham Intelligence and analyzed by public reports. Data updated as of September 15, 2025. According to the data collected by our editorial team and compared with the cited on-chain dashboards, the timeline of purchases and transfers shows patterns typical of institutional allocations. Industry analysts observe that the speed of withdrawals to custody addresses reduces counterparty exposure and reflects standard treasury procedures used by asset managers and institutional desks. We have monitored the transfer IDs and verified the timestamps against the exchange order books to confirm the sequence of events. What happened: concentrated purchases on exchanges and rapid transfers to custody According to on-chain tracking, Galaxy Digital executed 13 transactions to purchase approximately 1.24 million SOL on exchanges like Binance, Coinbase, and Bybit, then moved the tokens to addresses linked to enterprise custody solutions, primarily based on Fireblocks. The pace and destination of the flows suggest an institutional operation oriented towards holding rather than short-term trading. It should be noted that the rapid sequence of movements is consistent with standard treasury procedures. The numbers, on-chain Purchases in the last 24 hours: 1.24 million SOL (~$300M) Last 5 days: ~6.5 million SOL (~$1.57B) Lookonchain Exchanges involved: Binance, Coinbase, Bybit (aggregated data) Relative impact: volume equal to a fraction of a percentage point of the circulating supply of SOL; estimated to be less than 0.2% of the circulating supply in September 2025 (updated on-chain data) Data sources: Arkham Intelligence, Lookonchain Where Have the Tokens Gone: Flows to Custodial Wallets Analyses indicate movements…
The post Galaxy moves $300 million on Solana appeared on BitcoinEthereumNews.com.
Published: Monday, September 15, 2025 — Updated: Monday, September 15, 2025 A massive move has put the spotlight on Solana: in the last 24 hours, Galaxy Digital has accumulated approximately 300 million dollars in SOL, with subsequent transfers to professional custody wallets. The activities have been detected by on-chain platforms like Arkham Intelligence and analyzed by public reports. Data updated as of September 15, 2025. According to the data collected by our editorial team and compared with the cited on-chain dashboards, the timeline of purchases and transfers shows patterns typical of institutional allocations. Industry analysts observe that the speed of withdrawals to custody addresses reduces counterparty exposure and reflects standard treasury procedures used by asset managers and institutional desks. We have monitored the transfer IDs and verified the timestamps against the exchange order books to confirm the sequence of events. What happened: concentrated purchases on exchanges and rapid transfers to custody According to on-chain tracking, Galaxy Digital executed 13 transactions to purchase approximately 1.24 million SOL on exchanges like Binance, Coinbase, and Bybit, then moved the tokens to addresses linked to enterprise custody solutions, primarily based on Fireblocks. The pace and destination of the flows suggest an institutional operation oriented towards holding rather than short-term trading. It should be noted that the rapid sequence of movements is consistent with standard treasury procedures. The numbers, on-chain Purchases in the last 24 hours: 1.24 million SOL (~$300M) Last 5 days: ~6.5 million SOL (~$1.57B) Lookonchain Exchanges involved: Binance, Coinbase, Bybit (aggregated data) Relative impact: volume equal to a fraction of a percentage point of the circulating supply of SOL; estimated to be less than 0.2% of the circulating supply in September 2025 (updated on-chain data) Data sources: Arkham Intelligence, Lookonchain Where Have the Tokens Gone: Flows to Custodial Wallets Analyses indicate movements…
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