Cryptocurrency

Galaxy Digital Moves $103M in Solana to Coinbase

Sean Jacobs

September 3, 2025
11:00 AM

Galaxy Digital Sends Solana to Coinbase

In the last week, Galaxy Digital has sent a lot of Solana to Coinbase. A big intelligence firm that works with on-chain data says that the company put in 500,000 SOL. This is worth a huge $103 million. These are a series of planned moves from a custody wallet.

The transfers were sent in several groups. This points to a very planned way of doing things. This was not one big transaction. This could mean that the company is going to sell something soon or change how it keeps its assets. A lot of people are talking about this move.

Arkham Data and On-Chain Clarity

Arkham Intelligence’s on-chain data makes things very clear. It lets people see these big money movements in real time. The blockchain records show that a lot of money has been taken out of the custody wallet. This is a clear sign that institutions are doing something.

The transfers included several groups of the token. They were all worth at least $10 million. The last move happened only 11 hours ago. It was put into Coinbase, which is a big exchange. These deposits show that big companies are still very active in the market.

The Rest of Galaxy Digital’s Crypto Assets

Galaxy Digital still has a lot of crypto assets, even though these deposits are big. The company has about 2,000 SOL, according to the data. This is worth around $400,000. Along with other tokens like Helium, PYUSD, POPCAT, and JTO.

The company’s portfolio shows that they have a very varied approach to digital assets. The transfer of Solana is important. But it’s not the only thing they have. A well-run strategy is shown by the company’s wide range of products.

Traders Are Watching Solana’s Price

Traders are keeping a close eye on the price of Solana. At the time of writing, it is still around $201. Galaxy’s move might change how people feel about the market in the short term. This is especially true because Solana is still seeing a lot of trading. The deposits show a lot of new money coming in.

Analysts say that big players like Galaxy Digital often change their positions. They do this because of a lot of things that are going on in the market as a whole. These moves could be a sign that people are taking profits or getting ready to try new strategies. The market is waiting for an official word.

The Part of Institutional Players in Crypto

The transfer from Galaxy Digital shows how important a lot of big companies are becoming in shaping crypto markets. These companies can change liquidity because they have access to large amounts of money. They can also change how investors feel and think. This is a new dynamic that is

very strong and very important. The transactions also show how open blockchain records are. This lets the public keep an eye on big money transfers. This level of transparency can give investors a lot of new information about how institutions act. It also shows that the market could change a lot.

On-Chain Tracking and Openness

The transactions also show how clear blockchain records are. This lets the public see a lot of big fund movements in real time. For investors, this openness can give them hints about how institutions act. It also shows a lot of possible changes in the market.

As Galaxy Digital keeps changing its holdings, people will still be interested in whether more Solana goes to exchanges. The $103 million deposit is still one of the most important things that has happened in the last few weeks. A lot of new institutional players are now involved in the token’s future.

A Look at Galaxy Digital’s Deposits

The market is now waiting for Galaxy Digital to send a clear signal. A lot of new things could be happening because of the company’s deposits. It might mean a new strategy or a new sell-off. The token’s future is now very uncertain.

The market is now much clearer than it has ever been. A lot of people will benefit from this. They can make a lot of new decisions based on what they know. There are a lot of new market signals that will affect the token’s future.

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