Galaxy Digital will exchange $100 million ETH for SOL, and the on chain data display strategy will undergo a major adjustment

Odaily Planet Daily News: Galaxy Digital, owned by Mike Novogratz, has transferred 65600 ETH (approximately $105 million) to Binance in the past two weeks and withdrawn 752240 SOL (approximately $98.37 million), suspected of significantly adjusting its asset structure. This move occurred against the backdrop of ETH falling nearly 20% in the past month, while SOL rose about 8%. Standard Chartered Bank recently reported that ETH is facing a "structural downturn" and has lowered its year-end target price. Arkham data shows that Galaxy currently holds approximately $87.9 million worth of ETH and $23.86 million worth of SOL. The Solana ecosystem continues to expand, with DEX transaction volume exceeding $500 billion in three months, far surpassing Ethereum's $400 billion, and the number of active addresses has also exceeded 220 million. （CoinDesk）