Galaxy Digital Unloads Ethereum and Accumulates Solana As $105,480,000 in ETH Deposited to Binance: Lookonchain
The Cryptographic Society Galaxy Digital performs an exchange of assets involving native tokens of Blockchains of layer 1 Ethereum (ETH) and Solana (soil), according to chain data.
Data from the Lookonchain blockchain tracking platform suggest This Galaxy Digital has, in the past two weeks, sold Ethereum worth tens of millions of dollars and bought Solana.
“In the past two weeks, Galaxy Digital has deposited 65,600 ETH (105.48 million dollars) in Binance and withdrew 752,240 soil ($ 98.37 million) from Binance.”
The reorganization of the Galaxy Digital portfolio arrives in the middle of the company's research manager, Alex Thorn, predicting that the United States will buy Bitcoin (BTC) this year to add to the Bitcoin Strategic Reserve (SBR) launched in March. According to Thorn, one of the options that the United States could exercise to buy the flagship asset of cryptography in a non-budgetary manner would be to exchange confiscated altcoins in Bitcoin.
“To be precise, you could sell an altcoin in an Altcoin / BTC pair and never receive money. [US] General Treasury. It could be an easier way to go to a “promises made, promises held” on the SBR. »»
Ethereum is negotiated at $ 1,630 at the time of the editorial staff, down 67% compared to the top of all time reached in November 2021. Solana changed hands at $ 140 at the time of the editorial staff, down 52% compared to the Hit Record in January.
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