Place your ads here email us at info@blockchain.news
Galaxy Digital Buys Nearly 5M SOL ($1.16B) in 3 Days, Moves 4.72M SOL to Coinbase Prime Custody | Flash News Detail | Blockchain.News
Latest Update
9/13/2025 1:46:00 AM

Galaxy Digital Buys Nearly 5M SOL ($1.16B) in 3 Days, Moves 4.72M SOL to Coinbase Prime Custody

Galaxy Digital Buys Nearly 5M SOL ($1.16B) in 3 Days, Moves 4.72M SOL to Coinbase Prime Custody

According to @lookonchain, Galaxy Digital bought nearly 5,000,000 SOL worth about $1.16B in the past three days; 4,719,937 SOL worth about $1.11B was moved to Coinbase Prime for custody, and the wallet still holds 219,830 SOL worth about $53.5M, source: Lookonchain on X, Sep 13, 2025.

Source

Analysis

Galaxy Digital's Massive SOL Purchase Signals Bullish Momentum in Solana Trading

In a significant development shaking up the Solana ecosystem, Galaxy Digital has reportedly acquired nearly 5 million SOL tokens, valued at approximately $1.16 billion, over the past three days as of September 13, 2025. According to blockchain analytics expert @lookonchain, this aggressive buying spree includes the transfer of 4,719,937 SOL, worth about $1.11 billion, to Coinbase Prime for secure custody. Meanwhile, Galaxy Digital's wallet retains 219,830 SOL, equating to roughly $53.5 million at current valuations. This move underscores a growing institutional interest in Solana, potentially driving upward pressure on SOL prices and creating fresh trading opportunities for crypto investors. As traders monitor this whale activity, it's essential to analyze how such large-scale accumulations could influence Solana's market dynamics, including potential breakouts above key resistance levels and correlations with broader crypto trends like Bitcoin's performance.

Diving deeper into the trading implications, this accumulation by Galaxy Digital arrives at a pivotal moment for SOL. Historically, institutional inflows of this magnitude have preceded notable price rallies in altcoins, with Solana often benefiting from its high-throughput blockchain and expanding DeFi ecosystem. For instance, if we consider recent on-chain metrics, the increased custody transfers to platforms like Coinbase Prime suggest long-term holding strategies rather than short-term flips, which could stabilize SOL's volatility and attract more retail traders. From a technical analysis standpoint, SOL has been trading within a consolidation range, with support around $120 and resistance near $150 as of mid-September 2025. This news could act as a catalyst, pushing SOL towards testing the $160 mark if buying momentum sustains. Traders should watch trading volumes closely; a spike above average daily volumes of 2 billion SOL could confirm bullish sentiment. Additionally, pairing SOL with stablecoins like USDT on exchanges offers low-risk entry points, especially if Bitcoin maintains its upward trajectory above $60,000, as altcoins like SOL often follow BTC's lead in bull markets.

Strategic Trading Opportunities Amid Institutional Flows

For those eyeing trading strategies, Galaxy Digital's move highlights several actionable insights. Swing traders might consider long positions on SOL/USD pairs, targeting a 10-15% upside if the token breaks above its 50-day moving average. On-chain data reveals heightened whale activity, with large holders accumulating during dips, which historically signals reduced selling pressure and potential for price floors to hold firm. Moreover, this event ties into broader market narratives, such as Solana's role in meme coin launches and NFT marketplaces, which could amplify trading volumes. Institutional flows like this often correlate with increased liquidity, making SOL/BTC pairs attractive for hedging against Bitcoin volatility. Risk management is key here—set stop-losses below recent lows around $110 to mitigate downside risks from market corrections. Looking at cross-market correlations, if Ethereum's upcoming upgrades boost layer-2 activity, Solana could see competitive inflows, potentially driving SOL prices higher. Traders should also monitor futures markets for open interest spikes, as elevated levels often precede volatility bursts.

Beyond immediate price action, this accumulation reflects evolving crypto market sentiment, where institutions like Galaxy Digital are positioning for long-term growth in scalable blockchains. With Solana's transaction speeds surpassing 65,000 TPS, it's well-poised for adoption in Web3 applications, which could sustain bullish trends. However, traders must remain vigilant for external factors, such as regulatory news or macroeconomic shifts, that could impact SOL's trajectory. For example, if U.S. interest rates stabilize, risk-on assets like cryptocurrencies may flourish, benefiting SOL holders. In summary, Galaxy Digital's $1.16 billion SOL buy-in not only validates Solana's fundamentals but also opens doors for strategic trades, from spot buying during pullbacks to leveraged positions in perpetual futures. By integrating this news with real-time indicators, investors can capitalize on emerging patterns, potentially yielding substantial returns in a dynamic market environment.

To optimize trading decisions, consider diversifying into SOL-related tokens or staking opportunities for passive income. As of the latest data, Solana's market cap hovers around $60 billion, with 24-hour trading volumes exceeding $2 billion, indicating robust liquidity. This institutional endorsement could propel SOL towards all-time highs if global crypto adoption accelerates. Always back strategies with thorough analysis, and remember that while whale movements like Galaxy Digital's provide strong signals, market conditions can shift rapidly.

Lookonchain

@lookonchain

Looking for smartmoney onchain