On-chain data indicates that Galaxy Digital is reducing its Ethereum (ETH) holdings and increasing its purchases of Solana (SOL) on the Binance exchange. This move follows the company’s agreement with the New York Attorney General (NYAG) regarding the sale of Luna tokens. Galaxy Digital has staked $40 million in Solana after the agreement. Ethereum’s performance has been weak in response to recent reports, with hopes of reaching the $3,000 level diminishing due to over a 4% daily decline, currently priced around $1,500. Meanwhile, Solana has seen significant on-chain activities, surpassing its competitors in active network addresses and notable transaction volume. Analysts speculate a price increase for Solana up to $2,000. On the other hand, Justin Sun, the founder of the Tron network, continues to hold onto his Ethereum while denying the sale of Ethereum in the World Liberty Financial (WLFI) project linked to the Donald Trump family; however, a wallet associated with this project has recently transferred over $8 million worth of Ethereum.
