Galaxy Digital’s Bold $302M SOL Grab: 1.35M Tokens Snapped Up as Demand Surges

Institutional whales are making waves—Galaxy Digital just dropped a cool $302 million on Solana, snapping up 1.35 million SOL tokens in a single swoop.

Why the big bet?

Demand’s through the roof, and Galaxy isn’t waiting around. They’re positioning hard—maybe they know something the rest of us don’t. Or maybe they’re just tired of watching from the sidelines while retail FOMO does the heavy lifting.

Timing, liquidity, conviction—it’s all here. And let’s be real: when a firm like Galaxy moves, it’s rarely just a hunch.

Another day, another crypto power play. Because why innovate when you can just accumulate?

Market Performance and Growing Demand

Solana price has performed strongly in the past 24 hours, moving from $221.71 to $226. The token briefly approached $229 before settling slightly lower, according to Coinglass data. SOL is up 1.50% daily, 7.20% weekly, and an impressive 29.11% over the past month.

The data further shows that market sentiment is still bullish. Binance data shows a long-to-short ratio above 1, with top traders displaying more confidence.

BitMining also joined the accumulation trend, adding 17,221 SOL to its holdings for a total treasury worth $9.95 million. The company’s BTCM stock trades at $2.91, still positive but below its $6.25 peak.

Aggressive buying by Galaxy Digital stresses the soaring demand for SOL while treasuries increase. With increased whale activity and ETF speculation, Solana could sustain accumulation.

Also Read: Sharps Partners with Pudgy Penguins to Expand Solana Treasury