রাঙামতি তীরন্দাজ সিরিয়াল 15 সেপ্টেম্বর । রাঙামতি তীরন্দাজ আজকের পর্ব
Galaxy Digital is making significant efforts in the Solana (SOL) market as demand for SOL treasuries increases. According to SolanaFloor, the corporation recently purchased 430,000 SOL for over $97 million in just one hour.
In the last 12 hours, Galaxy has stepped up its efforts, purchasing 1.35 million SOL valued at over $302 million.
Galaxy Digital is entrusted with giving significant amounts of SOL to decentralized asset treasury (DAT) companies. The corporation expects to deploy $354 million in stablecoins, with an additional $1 billion in cash reserves for future purchases.
Part of the current buys will go toward increasing Multicoin’s SOL reserve, which is expected to top $1 billion. Forward Industries, another significant stakeholder, intends to build an even greater treasury of $1.65 billion.
According to Arkham’s statistics, recent purchases have come from Forward Industries’ treasury, indicating a growing trend of transparent, on-chain financing.
At the same time, whales have been actively withdrawing SOL from Coinbase Prime. A number of transactions have been traced to four new wallets, each of which may be controlled by a single organization.
This signals increased rivalry for the available tokens, particularly since that SOL is being seen as a potential ETF reserve asset, similar to Ethereum’s route.
Market Performance and Increasing Demand
Solana prices have surged in the last 24 hours, rising from $221.71 to $226. Coinglass data shows that the cryptocurrency briefly neared $229 before settling somewhat lower. SOL is up 1.50% daily, 7.20% weekly, and an amazing 29.11% in the last month.
The research also suggests that market sentiment remains positive. Binance data reveals a long-to-short ratio greater than one, with top traders showing more confidence.
BitMining also followed the accumulating trend, adding 17,221 SOL to its holdings for a total treasury value of $9.95 million. The company’s stock, BTCM, is trading at $2.91, which is still positive but lower than its top of $6.25.
Galaxy Digital’s aggressive acquisition highlights the growing demand for SOL as treasuries rise. With greater whale action and ETF speculation, Solana might continue to gain.
