According to Lookonchain, Galaxy Digital has withdrawn 606K SOL, equivalent to $79.7M, from exchanges and staked 462K SOL, valued at $60M, over the past four days. This significant movement of Solana tokens suggests a strategic shift towards long-term holding and network support, potentially influencing SOL's market price and liquidity. Traders should monitor Solana's network metrics and Galaxy Digital's further actions for potential impacts on trading strategies.

According to Lookonchain, large cryptocurrency holders are increasing their Solana ($SOL) holdings. Specifically, the wallet AHdUMw...qMnj withdrew 54,544 $SOL, valued at $7.46 million, from Binance two hours ago. Additionally, wallet 7i6FUR...kp5J withdrew 41,096 $SOL, worth $6.96 million, from Binance one hour ago and subsequently staked these funds. This activity indicates a strong whale interest in $SOL, which may influence trading strategies.