Galaxy Digital Adds $1.55B in Solana Over 5 Days
Galaxy Digital has accumulated 6.5M SOL worth $1.55B in just five days, signaling major confidence in Solana.
- Galaxy Digital bought 1.2M SOL worth $306M in 24 hours.
- Total SOL accumulation over 5 days now at 6.5M.
- Strong vote of confidence in Solana’s long-term potential.
Galaxy Digital, the crypto investment firm led by Mike Novogratz, has made another massive purchase of Solana (SOL), adding 1.2 million tokens worth approximately $306 million in just the past 24 hours. This continues a buying spree that now totals around 6.5 million SOL—or about $1.55 billion—over the past five days.
Such aggressive accumulation from a high-profile institutional player is sparking interest and speculation in the broader crypto market.
What’s Driving Galaxy Digital’s Confidence?
Solana has been gaining serious traction in recent months due to its high throughput, low fees, and growing ecosystem of decentralized apps and NFTs. With Ethereum gas fees still a challenge, many developers and investors are seeing Solana as a fast, cost-effective alternative.
Galaxy Digital’s sustained buying suggests they believe Solana could play a central role in the next wave of crypto adoption. While the firm hasn’t officially commented on the motive, large-scale accumulation like this often signals long-term bullishness.
Market Reactions and What This Could Mean
The crypto community is closely watching this move. Institutional interest typically acts as a strong signal to retail investors. With Galaxy Digital throwing serious weight behind Solana, others might follow suit, potentially driving the price higher.
Moreover, this kind of strategic positioning might be part of a larger bet on Solana-based projects, staking yields, or infrastructure investments. Either way, $1.55 billion in five days isn’t just noise—it’s a major signal.
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