Whale purchases go toward SOL treasuries as TVL surges to $12.5B

Galaxy Digital, the digital asset infrastructure company, is loading up on SOL with large-scale purchases within ￰0￱ latest purchases coincide with demand from SOL ￰1￱ treasury companies are still highly active, seeking more free tokens to lock ￰2￱ Digital, often used as a reserve for ETH and SOL, has been buying up assets in the past ￰3￱ just an hour, Galaxy Digital added another 430K SOL valued at $97M, withdrawing directly from ￰4￱ purchases coincided with another whale transaction, originating from Coinbase Institutional for 439,233 SOL valued at over $99M. More SOL whales are building up reserves under their own custody, which can then be used for staking with the chosen validators or staking ￰5￱ latest purchases extend the recent rush of whales to acquire more SOL, as Cryptopolitan recently ￰6￱ Digital started buying SOL actively in the past day |) on Solana.

Solana’s TVL reached another peak at $12.52B, with JitoSOL and Jupiter expanding their reserves from staking and liquidity ￰7￱ on Solana are now $12.32B in total, with $1.5B in USDC minted in the past ￰8￱ up to $30,050 in trading rewards when you join Bybit today