Galaxy Digital buys 2.2M Solana worth $486M in 24 hours

Key Takeaways

• Galaxy Digital purchased 2.2 million Solana (SOL) tokens in a single 24-hour period.
• The total value of SOL acquired was approximately $486 million, with part of the buy consisting of 706,790 SOL tokens worth $160 million.

Galaxy Digital purchased 2.2 million Solana tokens worth $486 million in a 24-hour period, according to on-chain data.

The crypto investment firm’s latest acquisition included 706,790 SOL tokens valued at $160 million. The purchases bring Galaxy Digital’s total Solana buying activity to 2,159,182 tokens over the one-day span.

The transactions were tracked through blockchain analytics, showing the institutional investor’s significant accumulation of the digital asset. Based on the purchase amounts, Solana was trading at approximately $225 per token during the buying period.