Solana Price Climbs As Galaxy Digital Swaps ETH For SOL And Memecoin Momentum Builds
Solana (CRYPTO: SOL) is trading 2.85% higher at $142.17 on Tuesday, extending its recent streak of gains and continuing to outpace much of the broader crypto market.
The token is now up 7.15% over the past week and 6.5% over the past month as institutional flows and retail speculation converge to drive momentum.
Galaxy Digital Rotates Into Solana
One of the most talked-about catalysts this week is Galaxy Digital’s strategic portfolio shift away from Ethereum (CRYPTO: ETH) and into Solana. According to blockchain data, Galaxy transferred 65,600 ETH—worth approximately $105 million—to Binance and withdrew 752,240 SOL, valued around $98.4 million, over the last two weeks.
The move follows recent commentary from Standard Chartered, which flagged a “structural decline” in Ethereum and slashed its year-end target for the asset, according to CoinDesk. In contrast, Solana’s network activity and investor engagement …
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