Is Solana Season Coming? Crypto Investment Giant Galaxy Digital Makes Large SOL Purchase! Here Are the Details

Crypto investment giant Galaxy Digital made a big impact on the market by purchasing Solana (SOL) for approximately $530 million in the last 24 ￰0￱ Digital's $530 Million Solana Move: Is “Solana Season” Beginning? According to Arkham Intelligence data, the company transferred 2.31 million SOL from Binance, Bybit, and Coinbase wallets through various ￰1￱ there has been no official confirmation from Galaxy, this move strengthens the “Solana Season” ￰2￱ development also supports a significant investment Galaxy recently made, where the company led a $1.65 billion private equity round in Nasdaq company Forward Industries alongside Jump Crypto and Multicoin ￰3￱ this initiative, Forward is transforming into a digital asset treasury company focused on ￰4￱ firms committed more than $300 million in the related round.

Forward's shares have risen 135% in the past five ￰5￱ suggested Galaxy was accumulating SOL for Forward, but it remains unclear whether the $530 million purchase was directly linked to the company. Nevertheless, the move points to a new corporate trend where public companies are turning to a “reverse merger” strategy to build crypto ￰6￱ CEO Mike Novogratz stated that the crypto market has entered “Solana season,” highlighting strong momentum and positive regulatory signals. Similarly, Bitwise CIO Matt Hougan stated that institutional buying and expectations for a spot Solana ETF are driving the token ￰7￱ gained 6 percent in the last 24 hours, reaching $236.83, bringing its market value to $126.4 billion and surpassing BNB to become the world's fifth-largest crypto asset. *This is not investment ￰8￱ Reading: Is Solana Season Coming?

Crypto Investment Giant Galaxy Digital Makes Large SOL Purchase! Here Are the Details