Galaxy Digital buys 2.2M Solana worth $486M in 24 hours

Cryptobriefing2025/09/12 05:12

By: Cryptobriefing

Key Takeaways

Galaxy Digital purchased 2.2 million Solana (SOL) tokens in a single 24-hour period.
The total value of SOL acquired was approximately $486 million, with part of the buy consisting of 706,790 SOL tokens worth $160 million.

Galaxy Digital purchased 2.2 million Solana tokens worth $486 million in a 24-hour period, according to on-chain data.

The crypto investment firm’s latest acquisition included 706,790 SOL tokens valued at $160 million. The purchases bring Galaxy Digital’s total Solana buying activity to 2,159,182 tokens over the one-day span.

The transactions were tracked through blockchain analytics, showing the institutional investor’s significant accumulation of the digital asset. Based on the purchase amounts, Solana was trading at approximately $225 per token during the buying period.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14

New spot margin trading pair — LINEA/USDT!

Bitget Announcement•2025/09/11 10:04

Galaxy Digital buys 2.2M Solana worth $486M in 24 hours

Key Takeaways

You may also like

Trending news

Crypto prices