According to The Data Nerd monitoring reports, leading digital asset investment firm Galaxy Digital transferred a total of 200,000 SOL tokens to three major exchanges three hours ago in Beijing time.
The on-chain operation involved funds worth $25.44 million, equivalent to about $127 per token at current market prices. Notably, the transaction timing coincided with the eve of a bullish cycle widely anticipated by market analysts.
- The transaction involved top three global cryptocurrency exchanges
- Records showed a multi-address batch sending strategy
- Source confirmation traced to Galaxy Digital's cold wallet reserves
Market observers pointed out that this move might indicate continued institutional confidence in the Solana ecosystem, possibly signaling future derivatives market-making activities. Currently, no significant price volatility has been observed in the secondary market, which remains stable.