• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    LuBian Wallet's $1.3B BTC Transfer

    LuBian Wallet Moves $1.3B in Bitcoin Post DOJ Action

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    Bitcoin Whale Closes $500M Short Positions on Hyperliquid

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    US DOJ to Seize 127,271 Bitcoin from Scam Network

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Bitcoin ETF Trading Volume Exceeds $1 Billion Rapidly

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Farage Proposes Bitcoin Reserve and Tax Cuts in UK

    Elon Musk Endorses Bitcoin Amidst Market Volatility

    Elon Musk Endorses Bitcoin Amidst Market Volatility

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Aptos and NBCUniversal Launch Blockchain-Based Rewards Platform

    Aptos Collaborates with NBCUniversal for New Web3 Platform

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Sui Targets $9.5 with SEC-Approved Yield Token Launch

    Webus Integrates XRP for Tokenized Travel Rewards

    Webus Integrates XRP in New Reward Platform Initiative

    VanEck Updates Solana Staking ETF Prospectus

    VanEck Updates Solana Staking ETF Prospectus

    VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

    VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

    VanEck Files Updated Prospectus for Solana Staking ETF

    VanEck Files Updated Prospectus for Solana Staking ETF

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Galaxy Digital Swaps $100M Ethereum for Solana

Solomon M. by Solomon M.
April 22, 2025
in Altcoin News
eth sol trading interface oil
Key Points:
  • Galaxy Digital’s $100M Ethereum to Solana swap impacts markets.
  • Solana price increased by 46% in two weeks.
  • Ethereum price dropped by 21% during the same period.
galaxy-digital-swaps-100m-ethereum-for-solana
Galaxy Digital Swaps $100M Ethereum for Solana

Galaxy Digital swapped over $100 million worth of Ethereum for Solana on Binance in April 2025, leading to a significant market impact.

The move signifies notable investor confidence in Solana, contrasting Ethereum’s challenges. Markets reacted with significant attention to price fluctuations.

Galaxy Digital, led by Mike Novogratz, conducted a large-scale swap from Ethereum (ETH) to Solana (SOL). The action involved depositing 65,600 ETH, valued over $100M, with a direct impact on market perceptions.

“It seems that Galaxy Digital is selling $ETH and buying $SOL! In the past 2 weeks, Galaxy Digital deposited 65,600 $ETH($105.48M) to #Binance and withdrew 752,240 $SOL($98.37M).” — Lookonchain via Twitter, April 22, 2025

Lookonchain reported transactions via Binance, highlighting Galaxy’s withdrawal of approximately 752,240 SOL. Solana’s price subsequently surged, contrasting Ethereum’s decline, reflecting strategic moves in asset management.

The crypto market observed immediate effects as Solana’s value rose by 46%. Ethereum, however, saw a decline of 21%. Increased Solana network activity was noted, indicating shifts in user engagement. For more detailed analysis on the Solana price forecast and whale accumulation, you can explore Brave New Coin’s insights.

These financial maneuvers underscore confidence in Solana as analysts predict further gains. The Solana network anticipates a potential bullish breakout, with projections for its price to reach up to $200. Stay updated with the latest trends and stats on Solana NFTs from SolanaFloor.

Past institutional reallocations, similar to this, resulted in temporary price rallies for the recipients. Solana’s network fundamentals and institutional interest may strengthen its price trajectory moving forward.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Ripple’s RLUSD Stablecoin Goes Live on Aave V3 Platform

Next Post

Gold Hits Record $3,500, Bitcoin’s Path to Follow

Solomon M.

Solomon M.

Related Posts

Aptos and NBCUniversal Launch Blockchain-Based Rewards Platform

Aptos Collaborates with NBCUniversal for New Web3 Platform

by Solomon M.
October 15, 2025

Aptos Labs partners with NBCUniversal to launch a blockchain-based fan engagement platform.

Sui Targets $9.5 with SEC-Approved Yield Token Launch

Sui Targets $9.5 with SEC-Approved Yield Token Launch

by Solomon M.
October 15, 2025

Sui integrates SEC-approved YLDS token, boosting institutional financial products and market traction.

Webus Integrates XRP for Tokenized Travel Rewards

Webus Integrates XRP in New Reward Platform Initiative

by Solomon M.
October 15, 2025

Webus adopts XRP for a tokenized rewards platform, targeting a $20 billion market.

VanEck Updates Solana Staking ETF Prospectus

VanEck Updates Solana Staking ETF Prospectus

by Solomon M.
October 15, 2025

VanEck updates Solana Staking ETF prospectus with a 0.30% fee in new SEC filing.

VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

VanEck Updates Prospectus for Solana Staking ETF with 0.30% Fee

by Joshua T.
October 15, 2025

VanEck revises its Solana Staking ETF proposal, setting a 0.30% management fee.

VanEck Files Updated Prospectus for Solana Staking ETF

VanEck Files Updated Prospectus for Solana Staking ETF

by Solomon M.
October 15, 2025

VanEck submits updated Solana Staking ETF filing with SEC; competitive 0.30% management fee.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.