Galaxy Digital Withdraws $40M SOL as TVL Soars on Solana

Galaxy Digital Withdraws $40M SOL as TVL Soars on Solana
Galaxy Digital Withdraws $40M SOL as TVL Soars on Solana

Main notes

  • Galaxy Digital withdrawn $ 40 million from Sol, indicating a strong conviction in Solana’s growth.
  • Solana Defi Tvl has reached $ 12.35 billion, which is the highest new level ever in the United States.
  • Jupiter grew rapidly to $ 600 million of TVL, which is the planet’s planet’s tops like Solana’s top protocol.

Galaxy Digital withdrawn $ 40 million from Solana

Teller
224.3 dollars



24 hours fluctuation:
3.4 %


The maximum market:
121.63 dollars b



Folder. 24h:
$ 10.24 b

From Binance and Coinbase on September 10, indicating a strong condemnation of the privileged code value in the long run.

The move comes at a time when the decentralized ecosystem in Solana (Defi) is breaking new records, with TVL climbing to climb its highest levels.


Galaxy Digital Bet

The Sol Galaxy Digital withdrawal is in line with Mike Novoghatz’s relationships led by Mike Novogratz with the Solana Ecological System.

The company, along with jumping encryption and multiple capital, Declare Funding tubes worth $ 1.65 billion for the front industries, which is the largest increase in the treasury that focuses on Solana so far.

Forward Industries aims to establish itself as an institutional power circulating in the growing network in Solana.

The strategy includes generating revenues on the chain and enhancing the value of shareholders by actively engaging in the Defi markets in Solana.

Solana Defi hits Record TVL

according to DevilleSolana from Defi TVL increased to $ 12.35 billion, an increase of 1.8 % over the previous day and put the highest level ever in dollars.

The market value of Stablecoin on the network is $ 12.77 billion, while the chain fees achieved $ 1.24 million during the past 24 hours.

Although TVL is in US dollars at record levels, the network has not yet recovered from the Sol 68.13M Sol starting from June 2022. At that time, Sol was priced near $ 30, compared to today’s evaluations much higher.

Meanwhile, the market value of Solana is located at $ 118.6 billion, with the distinctive symbol by only 4 % of the historical evaluation fracture at all. However, prices are still sitting at 25 % ATH discount from $ 294.

Jupiter leads growth

According to SolanafloorThe main driver of this growth was the launch of the Jupiter Lind, which already raised more than $ 600 million in TVL within two weeks, and raised the total buyer protocol to $ 3.38 billion.

Jupiter has now been ranked among the best Solana Devi protocols, surpassing competitors with a 25.2 % TVL increase over the past month.

Sol price analysis: approaching the critical level

Solana is traded at $ 220.25, where it is combined near the upper boundary of an upward wedge. After a strong recovery from its lowest level in March near 120 dollars, the Sol rose steadily inside this structure, pressing the main resistance.

The decisive collapse over the resistance area may lead $ 235 to $ 230 to a continuation of a scale of 260 to $ 280, with psychological resistance near $ 300 as well.

Sol daily chart with momentum indicators. | Source: TradingView

However, the failure of a higher fracture may see that Sol to support levels between $ 195 to $ 200, with a deeper risk of $ 175 in the event of condensation of sale pressure.

Between clouds from Sol Galaxy Digital worth $ 40 million, institutional support of $ 1.65 billion, and a TV teacher $ 12.35 billion, Seoul can be the next encryption that explodes in 2025.

Solana Ayoun is new levels at all, Wall Street Baby is ready for wave riding

As Solana approaches its highest levels ever, Wall Street Baby is gaining very attention within the encryption community.

Inspired by the legendary meme meme and the aggressive trading style in Wolf of Wall Street, wepe provides its community visions of exclusive market and alpha calls, enabling merchants to challenge the great whale manipulation.

Wepe community is strong

Over the past year, Solana has become a pioneer for the last Meme Coin trading, especially since the last Market Supercycle. Percent Launchpad, POMP.fun (POMP) produced more than 12.3 million icons, enhancing Solana’s dominance in space.

Wepe Army is a dedicated group of merchants who regularly carry out highly influential trading. With the help of the Alpha exclusive chat for the project, which can only be accessed for WEPE holders, members often achieve returns up to 10 times their investments.

By focusing on empowering society and innovative technology, wepe displays their owners with tools to challenge traditional market forces and participate in the next wave of innovation.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Barth Dobby

Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn


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