Solana ($SOL) has not too long ago undergone notable developments. Particularly, $16 million was transacted on the Galaxy Digital Pockets. $SOL Even well-known cryptocurrency exchanges like Bybit, OKX, and Binance. In keeping with Lookonchain information, the event takes under consideration a number of massive outflows and inflows between change deposit addresses and custodial accounts. Accordingly, this switch comes amid elevated market exercise associated to Solana, with vital buying and selling volumes and curiosity from a broad vary of institutional buyers.
200,000 deposited into Galaxy Digital linked pockets (FFDAa) $SOL($16 million) was despatched to #Binance, #OKX, and #Bybit within the final 5 hours. https://t.co/gPtPfnkPQs pic.twitter.com/4bj8rcnQOK
— Lookonchain (@lookonchain) February 12, 2026
Galaxy Digital Pockets shifts 200,000 $SOL High
On-chain information reveals numerous transactions from the Galaxy Digital-linked Fireblocks Custody (FFDAa) pockets to varied change deposit addresses. Particularly, a staggering quantity of 200,000 was transferred from the pockets. $SOL Tokens to common cryptocurrency exchanges resembling Bybit, OKX, and Binance. On this regard, 50,000 $SOLan quantity equal to $3.99 million was moved to Binance, whereas 25,000 $SOLaccounted for $2 million and entered Bybit and OKX.
Moreover, the transaction included 91,529. $SOL ($7.3 million) $7.3 million transferred between Galaxy Digital's Fireblocks Custody accounts. On the identical time, many 25,000 $SOL As a part of this transfer, transfers starting from $2 million to $2.01 million have been additionally made. Every outflow and influx suggests the size of this exercise, with the full quantity transferred exceeding $16 million in a matter of hours.
massive scale $SOL A transfer that reveals the potential for strategic positioning
This main transfer by Galaxy Digital highlights vital buying and selling exercise, liquidity provision, or market making. Though the intentions behind these offers are usually not but clear, the sheer dimension of the offers harm Galaxy. $SOL Positioning throughout numerous platforms. Such developments usually point out the opportunity of strategic hedging or vital promoting strain.
In keeping with Lookonchain, this transfer $SOL In NFT and DeFi networks. These transfers might elevate the present $SOL Liquidity can have an effect on worth stability and buying and selling dynamics. Total, the actual impression of this growth will not be but clear within the quick time period.
