Galaxy's token swap may reflect bearish sentiment around Ethereum, marked by a significant price correction and waning investor confidence.

Ethereum is once again in the news, but this time it is not because of bullish sentiment but rather because of a huge surge in whale activity that could signal a major sell-off. Two well-known Ethereum owners made calculated and possibly game-changing decisions in a few short hours.

A large Ethereum transfer from a foundation-linked wallet to Kraken has sparked fears of increased sell pressure amid ongoing price weakness.

Despite its resurgence in the past two weeks, SHIB is down by around 60% since the local peak observed in December 2024.

Mike Novogratz's Galaxy Digital has reportedly executed a significant swap, transferring approximately $100 million worth of ethereum for solana. According to a post from Wu Blockchain, onchain data from Lookonchain reveals that Galaxy Digital transferred 65,600 ETH, valued at around $105 million, to Binance over the past two weeks.

As per Lookonchain Data, Galaxy Digital's recent actions suggest a strategic shift from Ethereum to Solana. Over the past two weeks, the firm deposited 65,600 ETH (worth $105.48M) to Binance—likely for selling—and withdrew 752,240 SOL (worth $98.37M), indicating fresh accumulation.

Digital asset investment products recorded modest net inflows of $6 million last week, reflecting an overall mixed investor sentiment, according to the latest CoinShares report. What Happened: The report highlights regional divergences and asset-specific trends, as investors responded to stronger-than-expected U.S. economic data and shifting macro conditions.

PlanB has reignited criticism of Ethereum's decentralization, governance, and technical architecture as the Ethereum Foundation reorganizes.

Bitcoin price is rising and close to testing the barrier at $88,500, while the altcoins are not moving as they remain stuck below their respective resistance.

Shiba Inu (SHIB) burn rate has shot up 825% in the past 24 hours with a whopping 26.48 million tokens being removed from the supply.

According to TradingView data, the ETH/BTC exchange rate recently dropped to 0.01791, marking its lowest level since 2020.

Amid the latest market recovery, Ethereum (ETH) attempted to break out from its multi-month downtrend, leading some market watchers to suggest that a new rally could start soon. However, as price struggles to hold the $1,600 level as support, the cryptocurrency risks losing recent momentum.

Polygon-based non-fungible tokens (NFTs) took the top spot in digital collectible sales after surging 20% in the last seven days. On April 22, NFT data tracker CryptoSlam showed that Polygon NFTs overtook Ethereum, reaching a $22.3 million volume in the past week.

Nasdaq-listed Upexi's shares jumped 630% after announcing a $100 million raise to build a Solana-based treasury, with 90% allocated to SOL acquisition.

Former Goldman Sachs executive Raoul Pal believes that one Solana (SOL) competitor looks to be in a position for a massive breakout. Pal tells his 1.1 million followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator is flashing bullish for the layer-1 platform Sui (SUI).

Burwick Law, a New York-based firm, has raised legal concerns about Metaplex's plan to transfer over 54,000 unclaimed SOL, worth roughly $7.3 million, into its DAO treasury. In an open letter shared on X on Apr.

Galaxy Digital, one of the leading asset managers in crypto, shifted positions from Ethereum (ETH) to Solana (SOL).

Shiba Inu shows potential for a major rally with bullish technical indicators, decreasing exchange supply, and rising futures interest despite recent price struggles.

Galaxy Digital, led by Mike Novogratz, has reportedly exchanged over $100 million worth of Ethereum (ETH) for Solana (SOL), signaling a notable shift in institutional crypto strategy. On-chain data from Wu Blockchain indicates that Galaxy moved 65,600 ETHaround $105 millionto Binance over the past two weeks, while simultaneously withdrawing approximately 752,240 SOL, valued near $98.4 million.

Cathie Woods ARK Invest has officially added Solana (SOL) to its portfolio, marking its first direct investment in the token. According to Solana Floor, the purchase was made via the SOLQ ETFa Canada-based staking fund that offers exposure to SOL and its staking rewards without requiring users to manage wallets or assets directly.

Ethereum co-founder Vitalik Buterin has proposed a major shift in the blockchains technical infrastructure by replacing the Ethereum Virtual Machine (EVM) with RISC-V, an open-source architecture praised for its built-in encryption and scalability benefits. Shared over the weekend on Ethereums core developer forum, the proposal could mark a pivotal change in how Ethereum executes smart contracts.

Ripple's RLUSD stablecoin goes live on Aave V3 with minimal activity, aiming to boost enterprise adoption and DeFi integration across platforms.

Fartcoin has just flipped Bonk to become the second-largest Solana memecoin by market cap, following a 15% rally that pushed its market cap above the $1 billion mark.

Galaxy Digital sells over $105M in Ethereum to buy Solana as ETH drops 50% YTD. Here's why institutions are shifting and what whale activity reveals about Ethereum's future.

Solana attracts major institutional investment, including a $100M PIPE deal with Upexi and increased corporate treasury adoption, pushing price toward potential breakout.

Astra Fintech has announced the launch of a $100 million fund aimed at accelerating innovation within the solana ecosystem. This initiative seeks to identify and support high-potential builders and startups, building on Astra's successful track record with projects like Mulex, DEPE, and Mone, and its sponsorship of the Seoulana event.

Upexi, a consumer goods firm listed on Nasdaq, saw its stock price skyrocket by 335% following its bold announcement to dive into the cryptocurrency space. The company raised $100 million, with plans to create a Solana (SOL)-backed corporate treasury. While $5.

Ethereum maintains bullish structure above $1,550 support despite recent pullback from $1,650, with analysts projecting potential rallies to $2,700-8,000 through 2025.

Ethereum Foundation sent 1,000 ETH to the Kraken exchange on April 22, likely to sell. This could lead to a potential drop in price.

Ethereum is quickly losing ground to Bitcoin, with the ETH/BTC ratio falling to its lowest level in five years. According to CoinGecko data, the ETH/BTC ratio now stands at 0.01787, a level not seen since January 2020.

Over 100 trillion SHIB was accumulated in 2025 - Is a potential rally incoming?

Bloomberg analyst Eric Balchunas has estimated that there are a whopping 72 cryptocurrency-related exchange-traded fund (ETF) filings.

Ethereum still has its scalability issue. It can only handle 14-15 TPS.

The enigmatic lead of the Shiba Inu developer team known to the SHIB army under the pseudonym Shytoshi Kusama has once again sent ripples through the meme coin community by changing his status on the X profile.

According to on-chain data reported by Wu Blockchain, Galaxy Digital transferred 65,600 ETH, equivalent to approximately 105 million dollars, to Binance and subsequently withdrew 752,240 SOL, valued at approximately 98.37 million dollars. This operation represents a clear signal of strategy change by the company, which seems to want to reduce its exposure to Ethereum to decisively focus on Solana, a blockchain that in recent months has shown signs of steady and robust growth.

The meme coin market is edging higher and tracking Bitcoin (BTC) after the king coin surged to $88,000 for the first time in three weeks. At press time, the total meme coin market cap had increased to $50 billion, after gaining by 3%.

In January 2025, the crypto industry made massive donations to Trump's investment fund. A month later, the SEC miraculously dropped its lawsuits against those same donors.

Bitcoin (BTC) held steady above $88,000 early Tuesday as the Japanese yen crossed the psychological level of 140 against the U.S. dollar, as tariff concerns and risks of a Federal Reserve chairman shuffle in the states broadened the appeal of safe-haven assets.

On-chain data shows a Solana whale has made a large withdrawal from Binance in the past day, a sign that could be bullish for SOL's price. Solana Whale Has Made A Large Transaction In The Last 24 Hours According to data from the cryptocurrency transfer tracker service Whale Alert, a massive transaction has been spotted on the Solana network during the past day.

According to Pine Analytics Report over 15,000 Solana memecoin launches on Pump.fun have been manipulated through the use of sniper wallets — automated wallets that purchase tokens the moment they go live and sell them within minutes for profit. However, in this case, it's not just opportunistic bots.

A Morgan Stanley analyst has issued a major warning that may impact risky assets, including stocks and cryptocurrencies such as Ethereum, Jasmy, Cardano, Kaspa, and PEPE. His statement came as these tokens attempted to bounce back. The Ethereum (ETH) price has risen to $1,575, a slight increase from the year-to-date low of $1,385.

Mike Novogratz's Galaxy Digital has apparently swapped $100 million worth of ether (ETH) for solana's SOL.

Fresh on-chain data suggests Galaxy Digital may be offloading its Ethereum (ETH) holdings on the Binance exchange. Per the data, the company is pitching its tent with Solana (SOL), stacking up nearly $100 million worth of SOL over two weeks.

A breakout isn't completely out of the question.

Ethereum price failed to clear the $1,650 and corrected gains. ETH is now consolidating and might attempt to recover above the $1,620 resistance.

Ethereum, the second-largest cryptocurrency by market capitalization, is once again in the spotlight following a bold proposal from its co-founder, Vitalik Buterin. The post Could Vitalik's New Code Idea Send Ethereum Soaring? What Traders Should Know appeared first on Cryptonews.

The crypto market has started the week well, with Bitcoin and many altcoins beating the American stock market. Bitcoin price has held steady above $88,000, while the valuation of all cryptocurrencies has jumped to $2.75 trillion. This article provides the forecast of top altcoins like Reserve Rights (RSR), IOTA (IOTA), Pendle, and Solana (SOL).

ARK Invest, led by Cathie Wood, has become the first U.S.-listed asset manager to gain exposure to Solana through an ETF.