Mike Novogratz’s Galaxy Digital Executes Significant Swap
Mike Novogratz’s Galaxy Digital has reportedly executed a significant swap, transferring approximately $100 million worth of ethereum for solana. According to a post from Wu Blockchain, on-chain data from Lookonchain reveals that Galaxy Digital transferred 65,600 ETH, valued at around $105 million, to Binance over the past two weeks. Concurrently, the firm withdrew 752,240 SOL, approximately $98.37 million, from the exchange, indicating a potential ETH-to-SOL swap. This strategic move highlights Galaxy Digital’s ongoing interest in diversifying its cryptocurrency holdings and capitalizing on the growing solana ecosystem.