• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Galaxy Digital Makes Major Purchase of Solana: 1.2 Million Tokens

user avatar

by Giorgi Kostiuk

2 hours ago

Galaxy Digital, a leading cryptocurrency investment firm, has made a significant acquisition of Solana tokens, highlighting growing institutional interest in this cryptocurrency.

Acquisition of $306 Million in Solana

Galaxy Digital, led by Mike Novogratz, acquired 1.2 million Solana tokens for $306 million through OTC deals. This increased their total holdings to 6.5 million SOL.

Rising Institutional Interest in Solana

This deal signals strong confidence from institutional investors in Solana, potentially boosting its market valuation and relevance in the cryptocurrency ecosystem.

Historical Impact of Major Solana Investments

Historically, large purchases of Solana by major players have fueled price rallies and increased adoption. Experts predict that this current trend could renew interest and investment in Solana, enhancing its market capitalization.

Overall, Galaxy Digital's active acquisitions demonstrate potential for growth and increased interest in Solana from institutional investors.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

XRP: Technical Analysis and Price Projections for the Near Future

chest

Analysts highlight key resistance and support levels for XRP. A breakout towards $3.90 remains a primary factor.

user avatarGiorgi Kostiuk

Yala Loses $7.7 Million After Hacker Exploits YU Token

chest

Yala protocol suffered a hack leading to a loss of over $7.7 million, while its YU stablecoin lost its USD peg.

user avatarGiorgi Kostiuk

The Quiet Revolution of Risk: How Exotic Derivatives Are Transforming Financial Markets

chest

Exotic derivatives become a central tool for risk management in modern finance, reflecting technological and economic changes.

user avatarGiorgi Kostiuk

Bitcoin Market Analysis: Volumes, ETF, and Holding Trends

chest

Bitcoin trading volumes fell by 49%, but there is an increase in interest for long-term holdings and ETFs.

user avatarGiorgi Kostiuk

Shibarium Experiences $2.4 Million Security Breach

chest

A recent hack on Shibarium resulted in a loss of $2.4 million, impacting SHIB, ETH, BONE, and KNINE token prices.

user avatarGiorgi Kostiuk

US Dollar Strength: Analysis and Implications of the Federal Reserve's Decision

chest

Exploring the rise of the US Dollar, the implications of the Federal Reserve's decisions, and changes in the Euro market.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.